What’s Next for Washington Mutual (NYSE:WM)?
With the stock recently falling under the $10 a share mark, its low in the last dozen years, its S&P bond rating lowered to BBB+, facing mounting losses from bad mortgage loans, headed up by a CEO, and a board under attack for bad management and excessive compensation. What will become of Washington Mutual (NYSE: WM)? Washington Mutual, one of the oldest savings banks in the nation, is a savings and loan holding company with a market cap of $10.5 billion dollars. It generated over $25 billion in revenue last year, but had a $67 million loss, or twelve cents…