tom2987

WaMu: Speculative Value Play

Great Article

Remember that WAMU has gone from the $40's to $4. I mean, come on. All the negatives that the shorties mentioned above have been factored in the price already in spades (and the rumors, exhuberant negitivity, etc) . Add Cramer and his non stop bla bla bla booyahing because he hates WAMUs MGT because they won't kiss his ass,, all the "oh me too" negative articles, etc. it's a miracle WAMU hasn't had a run on it.

This tells me people are starting to ignore the talking heads and realize it is the US's largest savings. There won't be a run on this bank. Too big. Sure, it made some errors, but it's working it's way through them. Go long.