Mr Cooper Group Inc (COOP)

[CBA09]

Ref: yes

and the value of the NOLS is directly dependent on the max corporate tax rate

a key reason for the decline to the 1.50 zone was the expectation of a drop from 35% to 15%

I feel comfortable - that whatever else was happening - that drop in PPS was directly related to lower dollar value of the NOLs as corporate rates to be sheltered from drop.

Comment:
Agree, NOL's being an asset has a "book value." That book value is directly related to % of Federal Corp Income Tax Rate. Market has reacted based on Trumps agenda to slash the current rate from 35 % to 15 %. Personally, I don't see it going lower than 25%. But, I am not the whole market.

Ref: Why the drop from 1.50 to below one dollar escapes me as it becomes clear the final top corporate rate will be 25% not 15% (which is 10 percentage points or 40% higher)

Why the drop recently ?

Comment:
Combination:
1) Negative market perception of the ability to pull off an acquisition,

2) MM manipulation and

3) BOD agenda.