Mr Cooper Group Inc (COOP)

[CBA09]

Mr. Simpson72 - Yes I concur!

Your Quote:

Stay strong... good news forthcoming!

Commentary:

Financials, even in GAAP compliance, do not always avail how deep is the water. Two such examples:

1) Consolidation Financials - (Using a Parent with Subsidiaries)
One has to realize that when revenue is due to the Parent - from Subsidiaries, NO MATTER HOW MATERIAL THE $ DOLLAR AMOUNT, it would not be reflected on the consolidated financials. Reason - per GAAP intercompany elements are eliminated. Unless one had access ( accountants / auditors ) to see the separate entities and corresponding due / to / from accounts this remains "NON-TRANSPARENT."

2) Liquidation Basis Accounting - Obviously this involves "Estimation" of resources (cash & non-cash assets < non-cash of realized value of what is expected to receive ) vs. obligations ( liabilities ). Then, on a interim period basis adjustments are made if known.

What I want to emphasis here - not all resources nor obligations are known at each interim period reporting. So if future income / assets cannot be "Reasonably Estimated" they are not reflected.

3) It was not well known the complex structure of WMI. The law prohibits conversion. The "Waterfall" will flow back with the spoils.


4) Significant Participation ( Hedge Funds / Large Institutional Investors ) presence, should be, in and of itself, all the encouragement one needs to feel good about their investment!