Rich_Wood

1 Comment

    • ON: Tue Apr 8th 09:13 AM
      Commented on:
      Is WaMu's Cash Infusion Such a Great Deal?
      How can any self-respected mortgage company claim "bottomout" or not at this time? Put yourself into similar role, do you have the guts to claim one way or another? To start with there is a big uncertainty about congress/government's mortgage. One earlier report mentioned that government may buy distressed loans at 85% face value from mortgage holder; if passed that will be the sure bottom.

      Hard to argue where WM really worth. Open it's book for public view will not help either. However it's rather safe to say WM has more upside potential than downside. A relative safe paly is to buy stock/sell short-term call and take advantage of volatility.


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