Washington Mutual demanda a la FDIC por 17 billones US$ + daños

Las pérdidas de "Yi Pi Morgan" tienen que ver con las ventas al descubierto de la plata.

A veces la gente dice que no conocemos NADA sobre WMIH. ¿es eso verdad?

1) WMIH tiene una subsidiaria, de Reinsurance.
2) WMIH tiene $75 Millones en cash
3) La sub tiene reinsurance policies en runoff mode
4) La sub tienee $212 Millones de reserva (un requerimiento para el negocio de seguros)
5) NOLs y Reinsurance policies valen ALGO, no sabemos si es mucho o poco depende de muchos factores

Así que si WMIH es liquidada hoy, nos salen estos números si las NOL´s valen $0:

$75 Mil+$212 Mil = $287 Mil = $1.40 por acción.

Ya sabemos el mínimo lo que no sabemos es el máximo potencial del valor.
Si el mínimo es muy superior al valor actual es mucho mejor esperar que vender con tanto descuento.

Buen finde caluroso a todos!!

Julio FIESTA ESPECIAL ¿Qué mejor día para anunciar un gran golpe,los que continuamos hemos sido pacientes y la paciencia tiene premio en bolsa , se acerca el dia tic tac tic tac

http://www.sec.gov/Archives/edgar/data/933136/000119312512289730/d373505d8k.htm

Ya vamos dando pasitos...este tiene experiencia en empresas de $5 Billones

On June 25, 2012, the Board of Directors of WMI Holdings Corp. (the “Company”) elected Timothy Jaeger to serve as interim Chief Financial Officer of the Company. Mr. Jaeger had previously been engaged by the Company as the interim Chief Accounting Officer and he will also continue to serve in this capacity. Mr. Jaeger is a principal of CXO Consulting Group, LLC (“CXO”). The services of Mr. Jaeger were retained through an Engagement Agreement, entered into by and between the Company and CXO (the “Engagement Agreement”), a copy of which was previously filed as Exhibit 99.2 to the Form 8-K filed with the SEC on June 4, 2012.
Under the Engagement Agreement CXO is compensated for providing the services of Mr. Jaeger at the rate of $15,000 per month, based on an average of 20-25 hours per week. In addition, CXO will be reimbursed for its pre-approved out-of-pocket expenses incurred on a reasonable basis. Pursuant to the Engagement Agreement, Mr. Jaeger will serve as an independent contractor. The initial term of the Engagement Agreement is for six (6) months and is subject to automatic renewal for successive three (3) month terms, unless either party provides 30 days notice to the other party prior to either the termination of the initial term or any renewal terms.
Mr. Jaeger, age 53, is a Certified Public Accountant and has more than 25 years of accounting experience. Most recently, from December 2006 to March 2012, Mr. Jaeger served as Senior Vice President-Chief Accounting Officer/CFO of Macqurie AirFinance, Ltd., a global aviation lessor providing aircraft and capital to the world’s airlines. While at Macqurie, Mr. Jaeger helped manage over $5 billion in assets and managed over $3 billion of financing commitments from banking sources and over $500 million of equity like instruments. From November 2006 to December 2009, Mr. Jaeger was a partner of Tatum Partners, LLC., an executive services and consulting firm in the U.S. From June 2005 to October 2006, Mr. Jaeger was Interim Controller/Sarbanes Oxley Coordinator at ICON Estates/Robert Mondavi Winery/Constellation Brands.

Projection: WMIH is in fact a bank holding Co in name only similar to Goldman Sachs. The best in class will join hands and work together as HF Managers for WMIH and compete with the likes of John Paulson and George Soros.

They are following the example of George Soros when his company Soros Fund Management in 2009 partnered with six hedge funds to acquire Indy Mac Bank for 13.9 billion dollars

Either there investors will be the owners/investors in Preferred on the same terms as WAMPQ or they themselves will be the investors in Preferred stock or TPG solely would be the investor on the same terms offered prior. It will depend on what assurance is warranted by their investors in mitigating risk and guarantying return.

To start with WMIH primary line of business will be investment, asset management and insurance. And, I might add a complete line of business in electronic banking services if they decide to take me in

Based on what works best for them collectively in utilizing NOLs, they will either work as a subsidiary to WMIH or each one of them will become an owner-employee of WMIH retaining their proprietary trading platform and clients. Their incentive to perform and a return on investment to their clients will be reflected through WMIH common stock that they will become owners off at issuance. Lack or failure to perform will be managed through the fact that they became owners of stock issued at Par. If one of them fails to perform then his/her incentive is reflected in the stock price and because stock was issued at par, price to earnings ratio more than compensates them against their expectations with the option to sell if not satisfied. Percentage distribution of common stock issuance will be based on individual company’s capital investment in WMIH through a merger. For example Appaloosa Management LP total value is 4.5 billion, Centerbridge Partners total value is 5.5 billion…

Why: NOLs are not for sale. None of the HFs has an affiliation to a bank like them to write off taxes. Business environment has changed. Do more with less. Need to adapt to new reality where trading is not the same as before. HFs are subject to more scrutiny and vigilance. Year after year performance is not guaranteed. Bank umbrella is needed to grow. Shared risk and portfolio guarantees a secure future with less overhead.

This is what they know, this is what they are best at and this is what they are in control off.

Take it for what it’s worth.

Quote from: deekshant on July 04, 2012, 12:53:58 PM
On a 30% return on 1 million dollar investment net return is 19.5% after taxes and net return by utilizing NOLs is 30%.; a 10.5% return on tax itself. This has a huge impact on earnings per share and imagine the price effect on the stock assuming it trades at 10 times the earnings.

Illustrating price effect on the stock assuming it trades at 10 times the earnings without using NOLs and with NOLs”

Assume that WMIH stock was issued at par to investors and par value was 1 dollar and total shares issued are 500million. Based on what is mentioned above when profit is the same

Without utilizing NOLs, 19.5% return on 500 million shares with par value equal to 1 dollar each, profit is $9.75million. This is equivalent to EPS of .1950cents. Therefore market price of the stock would be $1.95, a 95% gain on investment

With NOLs a 30% return on 500 million shares with par value equal to 1 dollar each, profit is $15 million. This is equivalent to EPS of .30cents. Therefore market price of the stock would be $3, a 200% gain on investment

Who are the HF trying to fool. No wonder they wanted it all to themselves.

Los bondholders/note holders necesitan encontrar una solución para cubrir sus ganancias masivas en WAMU en 2012 .... deben hacerlo entre el 22 agosto y antes del 31 Diciembre 2012.
No tener un Plan para reducir sus impuestos (Taxable income) sería muy costoso para ellos.

¿Como van a cubrir sus ganancias masivas?

Hola Simp:
No sé como van a cubrir sus ganancias masivas, en tu mente que idea hay?
¿Cuáles serían esas ganancias masivas?