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$10.06 -0.26 (-2.52%)
5/16/2008 4:01 PM

Washington Mutual, Inc. (WM)

CAPS Rating:
**

The Company is a consumer and small business banking company with operations in major U.S. markets.

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Total Players

1450 Outperforms
727 Underperforms
 

All-Stars

258 Outperforms
285 Underperforms
 

Wall Street

10 Outperforms
6 Underperforms
 

Players bullish on WM are also bullish on:

Players bearish on WM are also bearish on:

Ticker Tags

Large Cap (467), Washington (11), Loans (101), Six Sigma® (37), S&P 500 (484), Bank (26), Seattle (7), Savings & Loans (182)
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Washington Mutual, Inc. At A Glance

Current Price: $10.06
Last Trade Time: 5/16/2008 4:01 PM
Open: $10.56
Previous Close: $10.32
Daily Range: $10.06 - $10.56
52-Week Range: $8.72 - $44.66
Volume: 30,674,773
Market Cap: $10.87B
P/E Ratio: 4.56
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Stock Trends

WM VS S&P 500 (SPY)

WM 12 month chart vs. S&P

News & Discussion Boards

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Top Bull Pitch

Recs

3

Washington Mutual, Inc. (WM)

Avatar Fallen001 (40.24) Submitted: 3/28/08 9:08 AM

I Frickin' hate this dirtbag company ... The exec are phoneys but they have a good medium to small scale customer base & are quite diversified ...


BUT


There is a April shareholder meeting where some investment groups are fighting the current board ... Hopefully, shareholder ...More

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Top Bear Pitch

Recs

17

Washington Mutual, Inc. (WM)

Avatar andersonbill (< 20) Submitted: 2/19/08 6:43 PM

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 bu...More

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Recs

0

 (WM)

Avatar Dadux2 (73.76) Submitted: 5/15/08 2:00 PM : Underperform Start Price: $10.05 WM Score: 0.56

This bank is terrible.

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Recs

0

 (WM)

Avatar Chemdawg (79.71) Submitted: 5/13/08 1:29 PM : Underperform Start Price: $9.99 WM Score: 1.05

wamu sucks.credit crisis is not over. stupidity and greed are still inherent in the lending business. they got what they deserved.

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Recs

0

 (WM)

Avatar imustnotfear2 (< 20) Submitted: 5/12/08 1:53 PM : Outperform Start Price: $10.21 WM Score: -3.56

From a purely technical standpoint, this stock is ready for a 20%+ run. I base this on 1) 10, 30 and 90 day slowstockastic, as well as the 2) MACD. 3) while the RSI (90 day) is turning up, it is more important to focus on recent events, such as the uptick in the Dollar vs. the Pound, Rand and Kiwi. Along with these few facts, there is strong evidence that most of the fundamental breakdowns have been factored in, and you can only kill a stupid dog once...(maybe twice with persistance). So, in short, er....after short (pun intended?) this stock is technically in Phoenix mode. J2

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Recs

2

 (WM)

Avatar imobillc (69.51) Submitted: 5/12/08 10:54 AM : Underperform Start Price: $12.47 WM Score: 21.48

Not a Buy! Stay away from this one and financials in general.......
I use to bank with WAMU (commercial account) and also originated some loans not directly but indirectly (thru a broker) and my experience was mixed with good and bad feelings. As a commercial institution they just just "suck". They are just plainly cheap bankers. In the home-loans, they had good niches, but lack on delivery of their products. They ripped off the uninformed and uneducated client, they were greedy. They close their home-loan centers not for the lack of business, but for the bad practices they were using to entice clients to refinance ("borrowing money when they didn't need it to begin with").

-Washington Mutual, Inc. (Washington Mutual) is a consumer and small business banking company with operations in United States markets. The Company is a savings and loan holding company. It owns two banking subsidiaries, Washington Mutual Bank (WMB) and Washington Mutual Bank fsb (WMBfsb), as well as numerous non-bank subsidiaries. The Company operates in four segments: the Retail Banking Group, which operates a retail bank network of 2,257 stores in California, Florida, Texas, New York, Washington, Illinois, Oregon, New Jersey, Georgia, Arizona, Colorado, Nevada, Utah, Idaho and Connecticut; the Card Services Group, which operates a nationwide credit card lending business; the Commercial Group, which conducts a multi-family and commercial real estate lending business in selected markets, and the Home Loans Group, which engages in nationwide single-family residential real estate lending, servicing and capital markets activities. In addition, the Corporate Support/Treasury and Other includes the community lending and investment operations, the Treasury function, the Corporate Support function and the Enterprise Risk Management function.

Retail Banking Group

The principal activities of the Retail Banking Group include offering line of deposit and other retail banking products and services to consumers and small businesses; holding the substantial majority of the Company's held for investment portfolios of home loans, home equity loans and home equity lines of credit (but not the Company's held for investment portfolios of home loans, home equity loans and home equity lines of credit made to higher risk borrowers through the subprime mortgage channel); originating home equity loans and lines of credit, and providing investment advisory and brokerage services, sales of annuities and other financial services. Deposit products offered to consumers and small businesses include the Company's signature free checking and interest-bearing Platinum checking accounts, as well as other personal checking, savings, money market deposit and time deposit accounts. Many products are offered in retail banking stores and online. Financial consultants provide investment advisory and securities brokerage services to the public.

Card Services Group

The Card Services Group manages the Company's credit card operations. The segment's principal activities include issuing credit cards; either holding outstanding balances on credit cards in portfolio or securitizing and selling them; servicing credit card accounts, and providing other cardholder services. Credit card balances that are held in the Company's loan portfolio generate interest income from finance charges on outstanding card balances, and noninterest income from the collection of fees associated with the credit card portfolio, such as performance fees (late, overlimit and returned check charges) and cash advance and balance transfer fees.

Commercial Group

The principal activities of the Commercial Group include providing financing to developers and investors, or acquiring loans for the purchase or refinancing of multi-family dwellings and other commercial properties; either holding multi-family and other commercial real estate loans in portfolio or selling these loans while retaining the servicing rights, and providing deposit services to commercial customers.

Home Loans Group

The principal activities of the Home Loans Group include the origination, fulfillment and servicing of home loans; the origination, fulfillment and servicing of home equity loans and lines of credit; managing the Company's capital markets operations, which includes the buying and selling of all types of real estate secured loans in the secondary market, and holding the Company's held for investment portfolios of home loans, home equity loans and home equity lines of credit. The segment offers a variety of real estate secured residential loan products and services. Such loans are held in portfolio by the Home Loans Group, sold to secondary market participants or transferred through inter-segment sales to the Retail Banking Group.

Corporate Support/Treasury and Other

The principal activities of the Corporate Support/Treasury and Other category include the management of the Company's interest rate risk, liquidity position and capital; enterprise-wide management of the identification, measurement, monitoring, control and reporting of credit, market and operational risk; community lending and investment activities, which help fund the development of affordable housing units in traditionally underserved communities; general corporate overhead costs associated with the Company's facilities, legal, accounting and finance functions, human resources and technology services, and costs that the Company did not consider when evaluating the performance of the Company's four operating segments. The activities also include the impact of changes in the unallocated allowance for loan losses; the net impact of funds transfer pricing for loan and deposit balances, and items associated with transfers of loans from the Retail Banking Group to the Home Loans Group.

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Recs

0

 (WM)

Avatar trippenhammer (63.07) Submitted: 5/11/08 4:16 PM : Underperform Start Price: $10.54 WM Score: 7.00

More than 20% of this stock is shorted. What does the market know? How many phantom assets are still on the books?

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Wall Street

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