DALLAS, July 30, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Washington Mutual Inc. (Pink Sheets: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 has been relatively stable recently. This is evidenced by the width of its Bollinger Bands which are tighter than normal. Additionally, 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 owns two banking subsidiaries, Washington Mutual Bank and Washington Mutual Bank fsb, 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, it filed for Chapter 11 bankruptcy.
Message Board Search for WAMUQ: http://www.boardcentral.com/boards/WAMUQ
In the report, the analyst notes:
"A Delaware judge granted a request by WAMUQ shareholders on Tuesday to appoint an independent examiner who will review claims and assets in the Company's bankruptcy case and also a legal settlement underlying its reorganization plan. Judge Mary Walrath made her decision after WAMUQ, frustrated by shareholder demands for information, said an examiner may be needed to advance the case.
"Joshua Hochberg, a former top official in a U.S. Department of Justice criminal fraud unit, has been appointed to examine the bankruptcy of WAMUQ, the largest U.S. banking failure. The appointment was announced six days after U.S. Bankruptcy Judge, Mary Walrath in Wilmington, Delaware, directed that an examiner be named to review a recent settlement designed to help Washington Mutual reorganize, as well as related claims."
To read the entire report visit: http://www.microstockprofit.com/lp/WAMUQ
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