Mr Cooper Group Inc (COOP)

[JusticeWillWin]

New COOP PRESIDENT Mike Weinbach BOUGHT 17,000 common shares for an average price of 71.16, which is ~$1.2 MILLION

He doesn't expect COOP to be only $80+ or $100+ at some point in the future IMO

Filing from 02/14/2024: https://www.sec.gov/Archives/edgar/data/933136/000093313624000010/xslF345X05/wk-form4_1707945315.xml

Footnote 1: The price reported in Column 4 is a weighted average price; the shares were purchased in multiple transactions at prices ranging from $70.78 to $71.3999, inclusive. Reporting Person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

[tzebedee]

Alright, well, until then let’s bust this 3rd bull flag and catch up to em!

[AZCowboy]

~ Good Morning XOOM', (Yes', answering XOOM) ... Regarding "COOP" ? I'm substantially more relaxed about all of it', this WMIH / COOP deal these days, ... Yep ever since COOP' rose up into the $50.00 (ish) pps share range, and after ol' cactus had added' WMIH / COOP quite heavily in the single digits pps, ... it was those years 2018 to my profit pull ... that I was concerned' ... WaMu ? the first time ? ... "shame on them" ... then, WMIH / COOP ? that second very heavy purchasing risk ? would have been "shame on me" ... Thankfully ! ! ! ... things worked out and ol' cactus pulled out profits, which covered the original WaMu losses' (it was a lot') ... yay' ... ~

Now a days ?, I just cruise along and wait for what's to come like everyone else, ... with all of my WMI Holding Company Reorganizations releases intact (properly released' uq's and yes, more than willy had, and the P's and K's), ... currently a nominal amount of COOP' still owned... the WMB Directly Owned Bonds, and those beautiful CT's of course' ... ol' cactus placed as many irons in the fire as could be placed' ... LOL ...

Regarding your question ? ... Yes' I believe these most recent thoughts, would be a way to address many forward moving issues' ... and don't forget that I firmly believe that the original released P's, and their releasing owners' ... are still the recipients of the continued Preferred Managing Sub' ... and its current contents ...

that 2018' acquired sub grouping ? ... doesn't get our stuff' ... unless ? something is done' ...

anyhew'

just sayin'

AZ

[BBANBOB]

HEHEHEH

""I see at some point in time in the future, where there will be a MARKET CRASH and LEH, FANNY and FREDDIE and WMI join forces""

Been said for yrs around here.
NOWWWWWWWWWWWWWWW the big BIG question is, WHOM DO THEY JOIN FORCES WITH ???????????

COOP or WMI, that I consider ""IS IN AN ADMINISTRATIVE HOLD""

For some reason I still say the NSM/WMIH MERGER IS NOT COMPLETED YET( NOT HAVING SOLD XOME to date), no logical explanation for my feelings, just a GUT THING
That runs along with the my position on ""THE ADMINISTRATIVE HOLD"" that I also hove no explanation for short of something just doesn't seem complete here and the lack of any distributions over all of this have yet to happen, yet I do believe they will take place,
SOMETHING OUTSIDE OUR PURVIEW has yet to take place,, """THE TRIGGER""" action to bring this all together

ALL imho

[xoom]

Hi AZ, not sure if it’s pure coincidence, but 18-20 (20 to be precise) cents is exactly where MW bought his 1 million commons in 2009
Are you still holding on to your prediction ( many years ago ) of a 2.5ish forward split for original UQ’s ?
TIA

[JusticeWillWin]

$COOP price targets===>DEUTSCHE BANK👉$88, Piper Sandler👉$88, UBS👉$86, Wedbush👉$85, KBW👉$81, Barclays👉$80, Compass Point👉$76

[DarkB4Dawn]

Good one! LOL

[b3]

ZERO

[tzebedee]

Coincidentally, just an observation that everyone probably knows about anyway, Fannie and Freddie chart patterns seem very similar to coop. Time frame similarities and bull flags. HMMM??

[PickStocks]

Awesome I hope you get the answers you are looking for

[vodkadejour]

Awesome, thank you for the helpful reply.
On a scale of 1-10 what is your expectation (expressed with 10 being the highest) of significant escrow returns within 2024 vs what your expectations were for 2023?
TIA
Vodka

[iPrelude]

Good suggestion, actually I'm considering it,
I want to formulate the question correctly and there comes the difficult part

[b3]

Vodka..........there are 4 reasons for the exuberance.
1. LIBOR Settlement coming to an end with potential $$$
2. FDIC finally closing the BK Books and $$$ will be returned.
3. Safe Harbor/Hidden Assets Theories
4. COOP being forced to issue new shares to WAMU Old equity.

[PickStocks]

When????? I would love to see it….may 1, 2024 is right around the corner…..should put the Libor and Cactus’s soon theories to rest….and kick the can to the next prediction….

[PickStocks]

I would but every time I try I just end up laughing too hard…

[vodkadejour]

Hi All, Hope everyone is over their St Patty's Day hangovers!!

Once every six to twelve months, something happens (some filing or something else) which creates a lot of talk and hope on this message board that payment for escrow markers is imminent, and whatever the development is, it seems to make even the hesitant posters sit up in their chairs and take notice that maybe this time it's real..... Well that seems to be happening now based on the mood of many of the posts the last couple days.

Could someone sum up very briefly what it is this time creating renewed hope?
Thanks in advance!

Vodka

[PickStocks]

Are you not the person who just had the theory a distribution would be made when the WMILT was done winding up or down recently….. nothing happened…..in fact every theory you had nothing happened… by May 1, 2024 should reveal everything…

[UpTickMeA$AP]

I am definitely about $COOP, and it's future. I'm not interested in pretending fantasy assets, will help it. From $6 to $74 without fantasyland nonsense. So, we're doing just fine living in reality without the pretend escrow assets.

Escrows are gone. Their is no truth or reality in pretending otherwise.

I understand it must be difficult to spend a decade and a half being wrong about everything, while watching coop rise almost 1000%.

One can live in reality, or spend many more decades pretending, and failing in the delusional fog of fantasyland nonsense.

Escrows don't exist anymore. Fact.
They were deemed worthless with no further distribution, and deleted, by order of the trust.

[raggi65]

Every holder of COOP shares should be interested in the future prospects of COOP, and this includes the wonderful opportunities arising from WMI's old assets. It would be counterproductive to deny this, unless you want to secure as many COOP shares as possible at the lowest possible price.

[donfig47]

Thanks raggi65

[diamondguru-one]

YOU KEEP TELLING YOUR THAT......

will see soon enough.........mark it !!!!!!!!!

[UpTickMeA$AP]

He knows.. He just likes to pretend that reality, isn't the truth. It would throw a giant wrench into his role playing fantasyland. He's always looking for people who will pretend with him, and role play a future millionaire.

Sorry if you were joining his role play game, and I ruined it with truth and reality.

You guys should find a deep dark corner of the Internet to role play in peace. All this pesky truth probably gets in the way.

[raggi65]

Then tell that to the person who asked!

[raggi65]

36,000,000 COOP shares / 1,200,000,000 escrow shares = 0.03 COOP share per escrow share x 73$ = 2.19$ per escrow share

[donfig47]

So LG,
"Commons 36M shares"
How does this equate per escrow?
Don

[PickStocks]

I am happy to say I am wrong…..after 15 years plus…it has been zero…..I am a preholder….it no longer matters…..if even a small percentage if that happens I will admit I was wrong….until then coop is it and coop has been great

[BBANBOB]

DUHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

I believe all we have ever dealt with here is ""WHAT IF's"" isn't it?

We have been mushrooms now for 16 yrs(at least me) in the dark and fed CHIT from all sides

[BBANBOB]

LG

This also imho puts commons back to the position they should hold compared to what they held originally of 51% or very very close to it, which imho is what a true reorg is supposed to do......................

[PickStocks]

This only becomes true if there is a distribution and only if there is a distribution.

[Large Green]

UPDATE-REVISIT ENTIRE POST - RECENT COOP FILING – THE PUZZLE NOW FIGURED OUT – JUST MAYBE

*** Thanks to BBANBOB for help in putting this together***

https://archive.fast-edgar.com/20240318/AS2E422CZ22EI2Z2222P2CEZA7GSZZ62B262/

JUST maybe with the help of BBANBOB plus some others who agreed with us like Cura Asada, Dmdmd1 and others that the COOP merger with NSM was not totally completed and POSSIBLY there is a positive finale. At least until they issue the owners of the former WaMu Estate who signed timely releases by 3/2012 shares.

These same investors just mentioned also agree that COOP does NOT totally own XOME as for years they have talked about monetizing XOME worth roughly one to two billion. Strange, after multiple years they cannot monetize XOME and we have said this is because COOP does not totally own XOME until they finish issuing the shares. More than likely this ownership of XOME is tied up in a DST owned (75/25) by those investors who signed timely releases.

***NOW LET US LOOK AT SOME NUMBERS***

• Post COOP 12-1 RS around Oct/2018, the outstanding COOP shares became roughly 100M

• The recent filing above shows around 64M COOP outstanding shares after a multitude of COOP buy-backs

• The difference is now 36M shares of COOP which MAY BE owned by timely signed investors

• If these 36M shares (36M + 64M) are given back to timely signed investors, then this takes the outstanding COOP shares back to around 100M but lowers the COOP price to roughly $50.00 a share based on current prices of around $72.00

• Now we have heard that XOME should be worth around 2B or so, NOW figure in 2B ($20.00 a share) on those 100M outstanding shares and WOAH back to $70.00 plus a share

• NOW figure the 75/25 ownership on the 36M shares and guess what you have roughly 27M shares for the Preferred and 9M shares for the Common

• The other thought is there are ten million authorized and shelf-ready preferred shares that can be issued on a minutes notice that has been part of the plan since the (ED) Effective Date of 3/19/2012 so ALL 36 M common shares could go the the investors who released common share and the preferred investors receive 1-1 preferred which explains why the UWs want into class 19 so bad – yes, this is their expertise and they have always known the specific class the big money was to be recovered from…CLASS 19

• IF COOP issues 36M common shares at $71.00 per share that is 2.5B so if they give this to commons that is roughly 25% of a POSIT of ten billion and they back preferred with 7.5B funding for a total of ten billion POSIT. NOW if COOP gets 2.5% of the 635B that Congress spoke about around year 2010/11 that means COOP gets 15.87B so with the ten billion funding of preferred and commons 36M shares at $71.00 it leaves roughly 5.6B for their own coffers driving the COOP common much higher

• Hopefully, these shares are coming soon to a timely-signed-released account near YOU



...





...

[JusticeWillWin]

Chart====>BREAKOUT of 3rd BULLISH FLAG ongoing IMO

(click to zoom in)

[BBANBOB]

DarkBr

"""""" So unless you bought the hell out of WAMU when it was trading on the pinks in the pennies...., or WMIH when it was trading well under a buck, it was painful"""
I mean seriously why do you think many here held millions of shares before 3/19/2012 and the RV's, since a million was only $10,000 @ .01 or at .05 was $50,000


[color=red]WHICH I MIGHT SUGGEST IS WHERE 97 +% of those on this board BOUGHT, in the PENNIES and prior to 3/19/2012 as you well know few here are pre holders[/color].
I was pre @ $6.47

[DarkB4Dawn]

1 WAMU common = 0.03349842 of WMIH share. When WMIH was issued, it was at an "assumed" $1
1 WMIH/COOP R/S 12-to-1, so although the stock went up and down, the $1 issued would be theoretically be divided by 12, but in reality, you now had 12 WMIH shares = 1 adjusted COOP share. Everyone's cost basis in Washington Mutual shares determines the value in their current COOP shares. So although one example may be .18 cents, a more correct version might be:
1000 Washington mutual shares at a price of $10 = $10,000 cost basis
1000 * by 0.03349842 = 33.49842 WMIH divided by 12 = 2.791535 shares of COOP. However, partial shares were not issued
so actually, 1000 * by 0.03349842 = 33 shares of WMIH divided by 12 = 2 shares of COOP = ~$148. So unless you bought the hell out of WAMU when it was trading on the pinks in the pennies...., or WMIH when it was trading well under a buck, it was painful. If you took the risk and piled in, you probably made 10 to 13 bagger like several on this board, so far...

But as one person puts it:
As In Baseball...
"It's true, of course, that, in the long run, the scoreboard for investment decisions is market price. But prices will be determined by future earning. In investing, just as in baseball, to put runs on the scoreboard one must watch the playing field, not the scoreboard."
-Warren Buffett, Feb. 28,1992

[JusticeWillWin]

COOP could do a 2-for-1 or 3-for-1 forward split in the future to reverse (at least partly) the 1-for-12 reverse split from 2018, which would be a great first step IMO!

Bban legacy commons experienced 2 reverse splits since 2012. Please see my calculations in my earlier post
https://investorshub.advfn.com/boards/replies.aspx?msg=174063407

Preferred’s only had one reverse split
The first was a forward split
Second was the /12 reverse split

[STRIKEEAGLE]

CACTUS... that's why it's called an open forum.


FACT, STRIKE

[STRIKEEAGLE]

Roger that KEY... well put... I would like to throw a dash of "irrefutable evidence" in there for good measure.


AIMHO, STRIKE

[BBANBOB]

Got it ty

But still if if ifin 36,000,000 shares come back to commons and they are at current pps of 71$ that SERIOUSLY OFFSETS the .18 does it not or sorry but am I still missing something

[BBANBOB]

Thank you

[goodietime]

You need to factor in the fact that it took 30ish Common to get 1 WMIH.

$6.08/30 = 0.20

[xoom]

https://investorshub.advfn.com/boards/replies.aspx?msg=174063407

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174063999

[BBANBOB]

Xoom
I am not being a jerk over this and am asking nicely, so just show us how you have gotten to .18

TIA

[xoom]

Bban legacy commons experienced 2 reverse splits since 2012. Please see my calculations in my earlier post
https://investorshub.advfn.com/boards/replies.aspx?msg=174063407

Preferred’s only had one reverse split
The first was a forward split
Second was the /12 reverse split

[AZCowboy]

~ AGAIN', MY Response on this here COOP forum, Was To XOOM' ... why do sum here ? always think they are being responded to ?, when they are NOT EVER considered' Relevant by ol' cactus; ? LOL' ~

... yeeesh' ... SMH, and LOL' ...

just sayin'

AZ

[KeyKey]

I fully agree !! Which sense does it make, to block or ignore a peson, just because she or he has another opinion ?? That's stupid.
I want optimists to check the facts from lodas as well.
I want lots of discussions between optimists and pessimists.
Why shouldn't this be possible ? I can't understand.
It only helps us when optimists and pessimists work together and clarify topic for topic .. thanks ..

[BBANBOB]

Left handed or not
But PALLLLLLLLLLLLLLLLLLLLLLLLLLEEEEEEEEEEEEEEEEEEZE show me where I have contended 100's of BILLIONs or RILLIONS,,SHORT OF possibly the 299 shown outside the FDIC's own pie chart that DID NOT INCLUDE WAMU

I think if you are honest and fair you will only cite 32-8=24 or the good DR "A"s 86 bill as to what has been said by me for the most part......short of the possible 299 part.

Remember though the SEN SUB COMM on banking DID DID DID say that at the time of seizure we had 635 BILL in loans out.
Now as any home owner knows, by the time they pay off a 30 yr mortgage they have for the most part paid aprox 2.4 times the value they actually borrowed.

SO yes I can see where the numbers COULD GROW exponentially very large but, please again KEEP IT REAL 32-8='s 24 of the 86bill or on a real stretch the 299

[PickStocks]

Let brink back your napkin math…wait another 15 years…..

[JusticeWillWin]

👉👉👉Mr. Cooper Group COOP 100% BUY @ barchart.com

=====> https://www.barchart.com/stocks/quotes/COOP/opinion

[AZCowboy]

~ Hmm', I Could See How the 2018' Acquired' sub grouping' ... "COOP" ... would need to offer some sort of financial recovery to the "Original Releasing Owners" of the actual WMI Holding Company's 2012 Reorganization' ... ~

To Me ?, This concept actually makes the most sense out of all of the ... "cock-a-mamey" ... hundreds of billions' coming back and any chapter 11 reorganization for the WMI Holding Company being allowed to reorganize with billions of dollars in retained earnings allowed to be listed, NOT' ... my opinion of course'

some thought went into this ... nice work' ... it would be nice to end all of this' ... this could work

oh, and just for continuity, ... the GSA was settled between WMI and the FDIC' pre reorg' ... and the Dual Track in Judge Collyers Court settled with "Globic" post reorg ...

Oh and added: ... LOL' I threw my calculator out a few years ago' LOL ... I'll let a few of you others consider the numbers' ... LOL ... I'll be just fine with any ending and final result' ... as stated, I've already pulled out my WaMu costs from the COOP' profit train, rolling up from the single digits into the $50.00 pps share ... with enough COOP shares still left to pay attention ! ! (pun intended LOL)

have a nice day people'

just sayin'

AZ

[BBANBOB]

I must be missing something still, $73 div by 12 is $6.08 that seems to be a very long way from .18 SPLAIN ME PLEASE in all sincerity

[BBANBOB]

TIME TELLS ALL RD