I want to know is WAMU reliable to invest in?

Question

to whom may concern

i am writing to you in order to get some information

about WAMU .

i want to know is WAMU reliable to invest in.

Answer 1

Absolutely.  They have been hit hard by losses from mortgages, but WAMU does more than just lend money for houses.  They operate a consumer finance segment as well as their retail banking segment.  At year end, WAMU increases their profit from banking over the previous year, something they have done for 5 years in a row.  They also reached the 1 million mark for Business accounts, and that happened in '08.  If they are still growing as a business the questions is whether they can absorb the losses from mortgages before they go bankrupt.  The answer is yes.  They haver raised 7 billion in capital ($4.66 per share), and have the ability to raise more.  Right now they have $14 a share in cash.  Their liquidation value is $21 a share.  Simply put, they aren't going anywhere.

Answer 2

Probably yes. but you could earn more WITHOUT RISK.

Just put $10,000 into a high interest fixed rate account overseas and you will earn 12% per year. You will get back $17,623 after 5 years. NO RISK