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Hey Gary, After hours tells the same story....$78.01, Hmmmmmm, but let's take $77.00 as it is a playful and an interesting conversion number if you multiply that times the 36,000,000 shares that were bought back, that totals $2,772,000,000. Now, if you take 25% of 1 Posit you come up with $2,500,000,000, if you add the Federal Interest rate of 1.9% for 5 year and 8 months (July 31, 2018 /PRNewswire/ -- WMIH Corp. (NASDAQ: WMIH) ("WMIH") today announced that it has completed its acquisition of Nationstar Mortgage Holdings Inc. ("Nationstar"). you come up with ROI of 10.88% and a simple Annualized ROI of 1.92% with your Principal of $2,500,00,000 and interest of $272,000,000.
Housing sales are up as well!
JHD
You are right, 4th BULLISH FLAG, here is the======>CHART
Your post:
4th bull flag setting its pattern as we speak.. jmo
I believe we’re close to a significant move. The idea of the trends , outlook , proactivity and potential is mind bending comparative to the current sp. all that being said the pattern has broken and backed bull patterns and trends for sometime. Looking up. JMO
That macd trend to the stars has me excited too. Bwthhdik. JMO
4th bull flag setting its pattern as we speak.. jmo
Closed $78.01 near ALL-TIME HIGH $78.19, MORE TO COME...
...SOON in my opinion
COOP absolutely UNDERVALUED====>fair PPS is at least $200
Check COOP's current P/E ratio: https://finance.yahoo.com/quote/COOP/key-statistics?p=COOP
COOP's trailing P/E is only: 10.39
COOP's forward P/E is only: 6.23
The P/E ratios in this list (data is as of January 2024)
Financial Svcs. (Non-bank & Insurance) covering 172 companies is the correct row:
http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html
Financial Svcs. (Non-bank & Insurance)
The average P/Es are:
Current: 34.63
Trailing: 25.59
Forward: 25.54
COOP short-interest almost stayed the same (up only 20k)
https://www.nasdaq.com/market-activity/stocks/coop/short-interest
I haven’t been contacted and I have a healthy position .
JHD
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Mr. Cooper Group Inc. (NASDAQ: COOP) provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper® and Xome®. Mr. Cooper is one of the largest home loan servicers in the country focused on delivering a variety of servicing and lending products, services and technologies. Xome provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents and mortgage companies.
Upon completion of the merger between WMIH Corp. and Nationstar Mortgage Holdings Inc. on July 31, 2018, WMIH became the parent company of the Nationstar Mortgage Holdings Inc. family including Mr. Cooper (Nationstar Mortgage LLC, d/b/a Mr. Cooper), Xome and Champion Mortgage (Nationstar Mortgage LLC d/b/a Champion).
As of October 10, 2018, Mr. Cooper Group Inc. is the new name of WMIH Corp. On July 31, 2018, WMIH, now Mr. Cooper Group, became the parent company of the Nationstar Mortgage Holdings Inc. family including Mr. Cooper (Nationstar Mortgage LLC, d/b/a Mr. Cooper) and Xome.
As early as late 2006, WaMu would begin to become a victim of what would eventually become the worst recession in US history since the Great Depression of 1929. WaMu's aggressive business strategy would begin to unfold throughout the end of 2006 and become increasingly disastrous through 2007. As housing rates were at all time highs before the recession began, WaMu would use its considerable leverage and assets to make large amounts of loans in both subprime mortgages and subprime credit cards. The banking division of WaMu at one point before the end of 2007 had nearly 336 stand-alone branch buildings where various types of home loans were processed and approved. WaMu would eventually over leverage themselves due to the high number of Adjustable Rate Mortgages (ARMs). As the US economy slowed down, the number of home loan defaults began to rise in quick succession. This coupled with the falling home prices throughout most of the US meant that even with foreclosures and the properties back in the hands of the company, they were unable to sell them back into the market, or were not able to derive enough revenue from the sale to cover the loan that was made on them. In the mean time, the credit card division was also seeing a surge in the number of late and non payments being made.
By September of 2008, WaMu's stock price had fallen to $2 from its previous highs of around $50 just two years earlier. Amid strong voices from the shareholders, then company CEO Kerry Killinger was dismissed by the company board. In the meantime, the company went looking for a buyer for part of its banking division. WaMu had been unsuccessful in finding an appropriate buy until its seizure by the FDIC. Overnight the companies banking division was bought by JP Morgan Chase in a secret deal brokered by the FDIC for 1.9 billion dollars. Washington Mutual Inc. has reorganized to Washington Mutual Holding Inc. WITH SHAREHOLDERS INTACT
WMI Equity Escrow Calculator
WMIH: Here's how old shares relate in value to the new shares.
AI
