Washington Mutual, Inc. (NASDAQOTH:WAMUQ.PK)

Speculation about Buffett and GS bailing this company out pumped up the price 20%. However, the company still faces more writedowns and I can only forsee the sub-prime getting worse before it gets any better. Once forclosure rates trail off at a more stable pace, I'm ready to pounce back on this stock. I think this stock is extremely cheap from a long term standpoint, as WM can prob. hold its ground, but I a m still waiting for this to bottom.

I think they will survive and emerge stronger.

Building Playgrounds cash infusion, I li8ke the feel good story and recent events. Like America always has things will come around this will be a nice return in the future if you get in now at these levels.

Near bottom and if Buffet and Sachs are buying. So am I.

washington mutual

the stock is down 80 % now and I bank there. It's a well run and people friendly place.

WAMU still has some significant write offs coming this year, not only in subprime mortgage loans, but their credit cards.

Buying all big banks as if we are not at the bottom we are close.

Wham Mooooo! Years and years of bad lending practices have not quite washed out.
Large exposure in every category of defaulting mortgages.
With a market cap of over $14 Billion, nobody's gonna ride to the rescue.

I worked for WaMu for 3 years recently and I can say without hestitaion that current executive management is fully responsible for the mess they find themselves in. KK and his top half-dozen people are not capable of saving the bank, they must go.

I don't think WaMu is a buyout candidate because they don't have an effective or effiecient internal operation. The retail branches are old school S&Ls without the basic commercial bank requirements such as easy access locations, efficient drive throughs and large cash vaults. The mortgage portfolio is in the dumpster and credit cards are barely above water. All this leaves very little for an outsider to covet, unless a purchase and breakup were done.

It will dip lower than this occasionally but people will always be there to scoop them up for discount. No doubt they'll recover over time, the question is how soon? I'll be doing covers on this one.

From 42 to 18. Its bad,is it that bad? Lower Fed rates will help these guys get their house in order.

Solid franchise. Worst is over for them. Big takeover candidate. $25.00 by June.

two much going for it and its sown with all the financials

Has strength to survive on its own. Better yet if acquired.

The mortgage crisis in California, where WaMu has most of its loan portfolio, is far from over. The worst has yet to come.

wamu is seriously undervalued right now. regardless of the housing outcome, within the next two years wamu will show to be a good value at this price

Solid revenue from retail branches, golden commercial loan portfolio

DCB - this will eventually return below 10. Nothing has fundamentally changed.