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RECENT COOP FILING – THE PUZZLE NOW FIGURED OUT – JUST MAYBE
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 $70.00 plus a share
• NOW figure the 75/25 ownership on the 36M shares and guess what you have roughly 27M shares for the Preferred and 9M shares for the Common
• Hopefully, these shares are coming soon to a timely-signed-released account near YOU
...
BB. LOL.But !
"As of this post the stock seems to be still moving in a upward trend so far ( ya just never know with these little left over numbers)" All joking aside I do understand This stock should be named COOP OTIS, Hey we've all seen this before and might in the future, one can hope for the next level 😉 GLTU bud
Ts
This is on Fidelity web site
Provided by Vickers Stock Research corporation, a subsidiary of the Argus Research Group, Inc. All rights reserved.
The ownership summary indicates the percentage breakdown of a company's equity ownership by investor type, and is derived from multiple sources.
Institutional ownership 61.4%
Institutional mutual fund ownership 28.4%
Mutual fund ownership 14.0%
Insider ownership 4.8%
Other 0.0%
Total outstanding shares: 64,602,234
I read them. It looks to be about half his stock award.
Year Salary Bonus ($)Stock Awards ($) Incentive Plan Other Compensation ($)Total
Christopher Marshall
Vice Chairman & President
2022 750,000 — 4,150,101 1,500,000 12,056 6,412,157
2021 750,000 — 2,500,004 2,000,000 10,506 5,260,510
2020 738,462 — 1,500,000 3,500,000 8,550 5,747,012
DARK
LOOK AT THE aggregate value they give for the 64 mill shares outstanding today at current price 2.6 bill well at 73 it is 4.7 bill not 2.6
STILL you may have inadvertently stumbled onto something or THEY INADVERTENTLY may have let THE CAT OUT OF THE BAG
WELL aware it is a different form than we have seen before, but that tells how many shares are OUT not his but as you see 4.7 is a WHOLE LOT DIFFERENT that the 64 mill at 73 HMMMMMMMMMMMMMM JUST WAIT, lg is gonna put out our discussion in bullet point
Thanks Dark, I apologize for my incorrect number of shares. I am happy to see how many people read my post. I didn't think anyone read them. I just try to post news and not opinion.
That would have given him $4.7 Billion and growing
https://www.forbes.com/forbes-400/
both of you have been wrong for 15 years... what could L.G. put out now that would make a difference?...he needs to put a link behind his assertion, if he makes one.... we are waiting .... Lodas
I AGREE 100 PERCENT THE FORM IS DIFF
BUT look at the their pricing in this filing for the company at todays pps it is off by close to 50% low
64.6 mill shares at 73 is 4.7 BILL not 2.3 bill
that is what caught me eye first, but thinking he had that many shares is what go me really looking at the filing
Its part of Chris Marshals exit package / stock awards and agreement to stay on with the company during the CFO transition. $2M+
The 64M shares are the shares outstanding for the entire company, not Chris Marshals. Chris had ~ 168,722 last time I looked.
Hold ONTO YOUR HATS BOYZ and GIRLSSSSSSSSSSSSSSS LARGE GREEN and I were just talking and he puts out bullets points examples far better and he is getting ready to put one out
Sorry LG, thanks for catching that. I copied the Number of Shares or Other Units Outstanding. I'm used to seeing # of shares owned. in those filings.
My calculation says his transaction was made at a share price of 73.0899.
YOU like me apparently mis understood and the(( Implied Shares Outstanding 64.6M )) is for the corp
I originally saw it the same way but looked at it again
Share Statistics
Avg Vol (3 month) 3 484.09k
Shares Outstanding 5 64.6M
Implied Shares Outstanding 6 64.6M
Float 8 62.35M
% Held by Insiders 1 3.71%
AND YES I SEE WHAT IS IN THE FILING BUT SOMETHING JUST AINT RIGHT HERE
DONFIG
I see your 64 mill shares you wrote AND what is in the filing BUTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT, Can someone explain to me how he has what would ALMOST BE THE ENTIRE OUT STANDING SHARE COUNT
Sorry just a DA OL OKIE
Don, you wrote the following:
Your words "In other words its price manipulation!" That may be true.
Just out:
Marshall Christopher G, to receive and sell shares on 03/18/2024.
Receive 29166 and Sell 29166 worth $2,131,742.00.
This is probably a good idea so people don't say a insider is only selling shares.
He already has 64,602,234 shares.
https://archive.fast-edgar.com/20240318/AS2E422CZ22EI2Z2222P2CEZA7GSZZ62B262/
___________________________________________
You say Marshall has 64M shares outstanding which could not be true maybe 64,000 as there is ONLY around 67M outstanding shares of COOP period!
...
Your words "In other words its price manipulation!" That may be true.
Just out:
Marshall Christopher G, to receive and sell shares on 03/18/2024.
Receive 29166 and Sell 29166 worth $2,131,742.00.
This is probably a good idea so people don't say a insider is only selling shares.
He already has 64,602,234 shares.
https://archive.fast-edgar.com/20240318/AS2E422CZ22EI2Z2222P2CEZA7GSZZ62B262/
If you have been here long enough, then you should realize that I’m not talking about COOP’s current price but the nature of its price behavior. In other words its price manipulation!
Simply Wall St. Sat 3/16/24 @ 8:49am
https://finance.yahoo.com/news/investors-more-bullish-mr-cooper-144916069.html
If you consider them news...
One stock that goes straight up would be very good.
Can you give me a list of 5 stocks that go straight up and never have a dip, so I can buy them and never look back. Coop has performed very well and I am happy with Coop.
There are no news...
What news?
I'm not a big chartist... but... 35% share increase over the past 6 months is not too shabby... I call that a home run. The fact that the BOD is focusing on shareholder returns is key for our ability to crest $80, $90 and beyond.
AIMHO, STRIKE
Roger that PICK... was a good one here... hope you had good weather and had some FUN!!
Maybe XXXX will appear this week... LOL
AIMHO, STRIKE
When it comes to COOP nothing makes sense!
Interesting.. the trend was bullish and they dropped some news to cool it down. Apparently but why? It’s all too weird. All, imo
👉$COOP BOD:"...our STRATEGIC FOCUS is now SQUARELY on RETURN ON EQUITY..."
...said the COOP BOD at the last earnings call
See: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173821650
Stabilized right! Only down 2.46% today and dropping.
Good morning people, As of this post the stock seems to be still moving in a upward trend so far ( ya just never know with these little left over numbers) hopefully COOP will be able to stabilize the next level soon GLTA
GOGOOOOOOCOOP-Ts😉
Share price was up with good volume on Friday while the rest of the market was down.
Strike I hope you had a great weekend on to another week…
Yes I agree. Conversely, optimists are here 24/7 talking of dates that have never materialized.
Respectfully,
JHD
Thanks Pick. You as well.
JHD
Same BOB... HAPPY ST PATRICK'S DAY TO ALL... here's to a long life and a merry one...
AIMHO, STRIKE
Roger that JHD... nice summary... (as part) of my background (CPA)... I too go by numbers quite often... if $ is still on the come... great... I go by what has been filed and in front of me regarding audited financials which I can read rather well. Still waiting for that information which addresses the irrefutable payment to us. Not sure it will ever be presented (in English)... not XXXX.
AIMHO, STRIKE
PICK... that's always been my beef... details and irrefutable would be great...
AIMHO, STRIKE
Roger that Pick... "soon"...
AIMHO, STRIKE
Roger that DRAG... that's what gets me... I only know English... irrefutable even better.
AIMHO, STRIKE
JHD, you having run a successful business for over 35 years, have you ever wondered which ‘business model’ is financially viable(yes, every action needs to be financially viable, including charity) to financially sustain, naysayer posters to come here on Ihub and other MB’s, everyday and chirp ‘no money’, 24/7 , for over 15 years ?
Pg.59 First Republic for JP Morgan OUR PAYMENT FOR WMB
"The net increase also included $61 billion of deposits associated with First Republic, primarily reflected in CCB, AWM and CB."
Just enough for WMB IMO
Special FDIC event/ "FDIC special assessment."
"Accounts payable and other liabilities decreased primarily due to lower client payables related to client-driven activities in Markets, partially offset by higher accounts payable and accrued liabilities, including the $2.9 billion payable related to the Refer to Note 19 for additional information.
"Deposits increased, reflecting the net impact of:
•higher balances in CIB due to net issuances of structured notes as a result of client demand, as well as deposit inflows from client-driven activities in Payments and Securities Services, partially offset by deposit attrition, including actions taken to reduce certain deposits,
•growth in Corporate related to the Firm's international consumer initiatives,
•lower balances in CCB reflecting higher customer spending,
•a decline in AWM due to continued migration into higher-yielding investments driven by the higher interest rate environment, predominantly offset by growth from new and existing customers as a result of new product offerings, and
•a decrease in CB due to continued deposit attrition as clients seek higher-yielding investments, predominantly offset by the retention of inflows associated with disruptions in the market in the first quarter of 2023.
The net increase also included $61 billion of deposits associated with First Republic, primarily reflected in CCB, AWM and CB.
Federal funds purchased and securities loaned or sold under repurchase agreements increased, reflecting the impact of a lower level of netting on reduced repurchase activity.
Refer to Liquidity Risk Management on pages 102–109 for additional information on deposits, federal funds purchased and securities loaned or sold under repurchase agreements, and short-term borrowings; Notes 2 and 17 for deposits and Note 11 for federal funds purchased and securities loaned or sold under repurchase agreements; Business Segment Results on page 67 and Note 34 for additional information on the First Republic acquisition.
Trading liabilities increased due to client-driven market-making activities in Fixed Income Markets, which resulted in higher levels of short positions in debt instruments, partially offset by lower derivative payables primarily as a result of market movements. Refer to Notes 2 and 5 for additional information.
Accounts payable and other liabilities decreased primarily due to lower client payables related to client-driven activities in Markets, partially offset by higher accounts payable and accrued liabilities, including the $2.9 billion payable related to the FDIC special assessment. Refer to Note 19 for additional information.
Great post JHD…..thank you….i wish you the best…
Page 5/8 WAIVER https://www.fdic.gov/foia/plsa/10015-wamu-gatewayfirst-2022.pdf
$COOP price targets====>DEUTSCHE BANK👉$88, Piper Sandler👉$88, UBS👉$86, Wedbush👉$85, KBW👉$81, Barclays👉$80, Compass Point👉$76
APPARENTLY THERE IS NO COMMUNICATION FROM WMILT ON WMI's CREDITOR CLAIMS IN WAMU RECEIVERSHIP.WHO WOULD RECEIVE IT?.WHO WOULD PROCESS THE DISTRIBUTION TO EQUITY HOLDERS OF WMB AND BANK HOLDING COMPANY EQUITY HOLDERS IF THERE IS A DISTRIBUTION HYPOTHETICALLY SPEAKING, WHY DID FDIC TOOK WAIVER FROM CERTAIN MORTGAGE COMPANIES ALONG THESE LINES OF BEING FORMER EQUITY HOLDER OF WMB OR WMI?.
Ya know Pick, however unpopular I may become, I need to weigh in here.
I ran a very successful business which I sold prior to Covid. I held this business for 35 years.
I admire you because so far you have been correct that nothing has come back despite the many many dates that have been stated which resulted in nothing.. and I as a business owner, can only deal with what I can see right in front of me. I can’t do hyperbole, I can’t do 10 years out, I can’t do it’s coming. I have to deal with what the financial statement says and where we go from there depending on what the statement said every month.
During my life with my business, my GM’s said so many things, and I said “well the numbers will tell the story and if the numbers are correct, then I go by them.. facts.
And I knew they were because I had a controller who was a dog and she was a certified accountant, who did regular checks four times a year, with surprise audit visits to my stores,
Now I also admit that I am an optimist and never dismiss anything totally, just mostly.
Yes you never know. But right now with what is laid before me, I do say there’s nothing coming back, but I hold a one percent possibility that there could be. Never dismiss the one percent.
Kind regards,
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
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