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Mortgage Rates Are Falling; Here Comes The Housing Boom
https://investorplace.com/hypergrowthinvesting/2023/12/mortgage-rates-are-falling-here-comes-the-housing-boom/
Strong Surge in United States Housing Starts – A Positive Sign for Construction
https://www.netnewsledger.com/2023/12/22/strong-surge-in-united-states-housing-starts-a-positive-sign-for-construction/
Glad I own $FNMA, $FMCC and $FNMAS (and $COOP)
Good luck to all longs here!
I am curious what the last 3 trading days in 2023 will bring...
32.94% today, what a nice run!
Go FNMA, go FMCC, go FNMAS, go COOP!
COOP could be $100+ next year and $150+ in 2025
Imagine when...
* they successfully MONETIZE XOME (which is a main strategic initiative as they repeated many times)
* the HOUSING CYCLE turns
* they ANNOUNCE to start PAYING a DIVIDEND
* they continue or even increase their STOCK REPURCHASE PROGRAM
...or ALL OF THIS TOGETHER!
Then we could also see $200+ next year IMO.
COOP will be a MONEY MAKER MACHINE in my opinion...
LATEST $COOP price targets===>UBS:$80, Piper Sandler:$79, Compass Point:$76, Barclays:$74, Wedbush:$70, Keefe, Bruyette & Woods:$65, Credit Suisse:$64
=>=>=>=>US housing market shows signs of life after mortgage rates fall
https://www.businesstimes.com.sg/property/us-housing-market-shows-signs-life-after-mortgage-rates-fall
GREAT NEWS=====>The frozen housing market is finally starting to thaw as mortgage rates drop below 7% and more homes change hands
https://fortune.com/2023/12/15/housing-market-prices-mortgage-rates-home-sales/
Strong Surge in United States Housing Starts – A Positive Sign for Construction
https://www.netnewsledger.com/2023/12/22/strong-surge-in-united-states-housing-starts-a-positive-sign-for-construction/
FANTASTIC outlook for $COOP well into 2024/2025! Analysts price targets getting HIGHER AND HIGHER!
With its balanced business model, $COOP can only be a winner IMO
Anticipating a BRIGHT FUTURE FOR THE COMPANY, UBS set a target price of $80 for its stock
From:
UBS Analyst Initiates Coverage on Mr Cooper Group Inc with a Positive Outlook
https://beststocks.com/ubs-analyst-initiates-coverage-on-mr-cooper-g/
Only 5 TRADING DAYS this year! Can COOP reach another ALL-TIME HIGH?
Nice >150k BUY at the close!
COOP could be $85+ INSTANTLY when NEWS about the successful MONETIZATION of XOME (which is still a STRATEGIC INITIATIVE according to their latest 10-Q) hit the wires!
There are 6 business days left for 2023...
All IMO
US housing market shows signs of life after mortgage rates fall
https://www.straitstimes.com/business/us-housing-market-shows-signs-of-life-after-mortgage-rates-fall
US Homebuilder Sentiment Rises for First Time in Five Months
https://www.bloomberg.com/news/articles/2023-12-18/us-homebuilder-sentiment-rises-for-first-time-in-five-months
COOP has $140+ MILLION capacity in their current STOCK REPURCHASE PROGRAM
(based on what they have disclosed up to now)
This means they can BUY BACK ~2.1 MILLION additional shares!
They already repurchased more than 25 MILLION common shares of their stock and retired them!
BE SMART and don't set your SELL ORDERS TOO LOW, COOP could really be $120 to $150 next year and $150+ in 2025
Imagine when...
* they successfully MONETIZE XOME (which is a main strategic initiative as they repeated many times)
* the housing cycle turns
* they ANNOUNCE to start PAYING a DIVIDEND
* they continue or even increase their STOCK REPURCHASE PROGRAM
...or ALL OF THIS TOGETHER!
Then we could also see $200+ next year IMO.
So everybody should think about holding COOP for a longer time instead of realizing a smaller profit...
COOP will be a MONEY MAKER MACHINE...
insert-text-here
LATEST $COOP price targets===>UBS:$80, Piper Sandler:$79, Compass Point:$76, Barclays:$74, Wedbush:$70, Keefe, Bruyette & Woods:$65, Credit Suisse:$64
US Homebuilder Sentiment Rises for First Time in Five Months
https://www.bloomberg.com/news/articles/2023-12-18/us-homebuilder-sentiment-rises-for-first-time-in-five-months
COOP reached Q3 BOOK VALUE $65.38 last week, other companies trading at MULTIPLES of book value!
More to come soon IMO
>>>>GREAT NEWS:The frozen housing market is finally starting to thaw as mortgage rates drop below 7% and more homes change hands
https://fortune.com/2023/12/15/housing-market-prices-mortgage-rates-home-sales/
Yes, from weak hands to strong hands
Big volume today!! 3.5 times more than average! Interesting??
COOP could be $85+ INSTANTLY when NEWS about the successful MONETIZATION of XOME (which is still a STRATEGIC INITIATIVE according to their latest 10-Q) hit the wires...
...all IMO
COOP has $140+ MILLION capacity in their current STOCK REPURCHASE PROGRAM
(based on what they have disclosed up to now)
This means they can BUY BACK ~2.3 MILLION additional shares!
They already repurchased more than 25 MILLION common shares of their stock and retired them!
The "impact" is minimal, only $0.23/share. They increased the expected impact from $5 to $10 million to a maximum of $25 million. So the difference is $15 million, divided by 65.8M shares is $15M / 65.8M = $0.228
Here is the 8-K from today: https://www.sec.gov/ix?doc=/Archives/edgar/data/933136/000093313623000109/nsm-20231102.htm
As previously disclosed, on October 31, 2023, the Company experienced a cybersecurity incident in which an unauthorized third party gained access to certain of our technology systems. Our forensic review, engagement with law enforcement and regulators, and defense of litigation is ongoing. Additionally, our forensic review has determined that personal information relating to substantially all of our current and former customers was obtained from our systems during this incident. To assist our customers, we will offer complimentary identity protection services, including credit monitoring, to all of our current and former customers for two years. We are in the process of reaching out to customers with instructions on how to sign up for these complimentary services and how to contact us with questions.
We are updating guidance for fourth quarter vendor expenses related to the incident to $25 million (from $5 to $10 million), which now includes an accrual for the cost of providing identity protection services for two years. There is no change to our guidance for fourth quarter originations segment pretax operating earnings of $0 to -$10 million and servicing segment pretax operating earnings of $200 to $210 million excluding MSR mark-to-market net of hedges.
I guess they had to put the brakes on this train with an 8-K
LATEST $COOP price targets===>UBS:$80, Piper Sandler:$79, Compass Point:$76, Barclays:$74, Wedbush:$70, Keefe, Bruyette & Woods:$65, Credit Suisse:$64
GAP FILLED! Could go HIGHER now IMO
MMs trying to fill today's OPENING GAP=====>real-time chart
23% PROFIT possible===>UBS:$80, Piper Sandler:$79, Compass Point:$76, Barclays:$74, Wedbush:$70, Keefe, Bruyette & Woods:$65, Credit Suisse:$64
...are the LATEST analysts price targets for COOP
BE SMART and don't set your SELL ORDERS TOO LOW, COOP could really be $120 to $150 next year and $150+ in 2025
Imagine when they successfully MONETIZE XOME (which is a main strategic initiative as they repeated many times), the housing cycle turns, or they ANNOUNCE to start PAYING a DIVIDEND, or continue their STOCK REPURCHASE PROGRAM, or ALL OF THIS TOGETHER!
Then we could also see $200+ next year IMO.
So everybody should think about holding COOP for a longer time instead of realizing a smaller profit...
COOP will be a MONEY MAKER MACHINE...
All in my opinion, no investment advice!
That would be a strong signal wouldn't it...wow...Anything can happen and quickly!!
JHD
$COOP==>Built For Growth Even If Interest Rates Fall
See:
Mr. Cooper Group: Built For Growth Even If Interest Rates Fall
https://www.stockilluminati.com/coop/display.php?url=https%3a%2f%2fwww.stockilluminati.com%2fcoop%2fsanews.html
LATEST $COOP price targets===>UBS:$80, Piper Sandler:$79, Compass Point:$76, Barclays:$74, Wedbush:$70, Keefe, Bruyette & Woods:$65, Credit Suisse:$64
COOP has $140+ MILLION capacity in their current STOCK REPURCHASE PROGRAM
(based on what they have disclosed up to now)
This means they can BUY BACK ~2.3 MILLION additional shares!
They already repurchased more than 25 MILLION common shares of their stock and retired them!
Anticipating a BRIGHT FUTURE FOR THE COMPANY, UBS set a target price of $80 for its stock
From:
UBS Analyst Initiates Coverage on Mr Cooper Group Inc with a Positive Outlook
https://beststocks.com/ubs-analyst-initiates-coverage-on-mr-cooper-g/