DALLAS, July 6, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Washington Mutual Inc. (Other OTC:WAMUQ). The report includes financial, comparative and investment analyses, and recent company news that you need to know to make an educated investment decision.
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The full report is available at: http://www.microstockprofit.com/lp/WAMUQ
WAMUQ is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.
Washington Mutual Inc. (WAMUQ) is a consumer and small business banking company with operations in U.S. 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 September 2008, JPMorgan Chase & Co. acquired all deposits, assets and certain liabilities of Washington Mutual banking operations from the Federal Deposit Insurance Corp. (FDIC). On September 26, 2008, the Company filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.
Message Board Search for WAMUQ: http://www.boardcentral.com/boards/WAMUQ
In the report, the analyst notes:
"Last month, the Company postponed a hearing on its disclosure statement to provide more time for discussion with shareholders over making changes to its bankruptcy plan. Company attorney Brian Rosen has said that both sides hope to see if a resolution can be reached to modify the plan and the disclosure statement."
"WAMUQ said its disclosure statement hearing was moved to July 7. A disclosure statement must be approved so the Company can begin putting its reorganization plan to a vote. A related dispute over information sharing would also be heard on that day."
To read the entire report visit: http://www.microstockprofit.com/lp/WAMUQ
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