Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, April 11, 2008

Article Excerpt

WASHINGTON MUTUAL INC. $10.95, New York symbol WM, has obtained $7 billion of new capital from a group led by TPG Capital, a private equity fund. That’s equal to 70% of Washington Mutual’s current market cap of $10 billion. TPG will receive a combination of new common shares and convertible preferred shares that could nearly double the number of shares outstanding. The deal requires stockholder approval. Meanwhile, due to rising mortgage defaults and writedowns, Washington Mutual estimates it lost $1.1 billion or $1.40 a share in the three months ended March 31, 2008. To cut its exposure to the volatile real estate market, Washington Mutual will stop accepting new mortgages from brokers, and close all of its freestanding home loan offices. The company has also cut its quarterly dividend, from $0.15 a share to $0.01. It now yields just 0.4%. The dividend cut should save Washington Mutual $490 million a year. The extra capital will help Washington Mutual survive, and its focus…

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What personal information do we collect?

The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?

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How do we maintain the integrity of your personal information?

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How can you ask questions about our Privacy Policy and access your personal information?

The provision of information by you is entirely voluntary and you have the right not to provide information. Subject to applicable law, you may have the right to receive certain information as to whether or not personal information relating to you is held by TSI Network and to obtain a copy of such information that is sought. You may also have the right to require information, where appropriate, to be erased, blocked or made anonymous or to have data updated or corrected. If you do not wish TSI Network to hold information about you or if you wish to have access to information, modify information, or object to any processing of information or if you have questions please contact us.

What Choices Do I Have?

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Changes to this Policy

This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.

TSI Network may revise this Policy from time to time.

Legal Notices and Disclaimers

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