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COOP is correct, but you are missing the 1:15 factor for the OCN 1:15 R/S
I know they did a 1:15 R/S. But when I said "COOP should have bought them at 4.72, and now they are at 29.90" this means "they should have bought them at 4.72 / 15 = 0.31 and now they are at 29.90 / 15 = 1.99", which is still cheap of course...
Are you sure? The 4.72 low of $OCN I mentioned should already be the R/S corrected PPS IMO
Nevertheless I am very excited to see what COOP will buy this time. It bet it will be accretive again...
He said "COOP is the tell" but sold all his shares way too early...
And BTW, shorts will be TOAST soon, just my opinion!
I am extremely long COOP, no investment advice!
COOP $120+ soon, I am sure...
I am long COOP, only MY OPINION and NO INVESTMENT ADVICE!
Do your own DD and make your OWN DECISIONS!
You mean Ocwen (OCN)? COOP should have bought them when their PPS was at 4.72. Now it is at $29.90
There are no shares issued, what are you talking about?
With COOP's available liquidity of $2.4 BILLION, and the remaining part of this transaction, they can buy another company IMO, maybe announced before Feb. 9
Servicing portfolio...expected to REACH $1.1 TRILLION in first quarter!
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/933136/000115752324000124/a53888532.htm
$COOP 100% BUY @ barchart.com
https://www.barchart.com/stocks/quotes/COOP/opinion
GREAT numbers! BOOK VALUE grew again! Servicing portfolio grew to $992 billion and including pending transactions is expected to reach $1.1 trillion in first quarter
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/933136/000115752324000124/a53888532.htm
Wow, maybe this is for the LONG AWAITED MONETIZATION of XOME?!?
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/933136/000115752324000124/a53888532.htm
$64.10/$64.24 GAP still NOT FILLED yet! I hope they fill it BEFORE the (great) Q4 numbers on Feb. 9
Meanwhile they see COOP's FAIR VALUE @ $208.21
A second OPENING GAP created today...but despite this it seems COOP wants to go HIGHER...
I hope the 64.10/64.24 GAP will GET FILLED before the Q4 numbers!!!
I'd have a better feeling when they close this one before the ride to $120+
GAP between 64.10 / 64.24 still open! Will MMs fill it today?
IMO it's better to fill it before the Q4 numbers on Feb. 9, 2024
MMs trying to close the 64.10/64.24 GAP (from Jan. 19 to Jan. 22) IMO
Imagine what HAPPENS when COOP announces a DIVIDEND...
Ask is thin, could go MUCH HIGHER...
...IMO
COOP could be $85+ INSTANTLY when NEWS about the successful MONETIZATION of XOME (which is a STRATEGIC INITIATIVE according to their latest 10-Q) hit the wires...
Nice, COOP has an equity stake in Sagent since 2022!
Yes, and the chart patterns absolutely support the $80 to $88 targets!
GREAT, so 4 ANALYSTS see COOP >=$80 now!
Thanks for your post!
GLTA
DEUTSCHE BANK ====> $88
KBW ==============> $81
UBS ==============> $80
Wedbush ==========> $80
Piper Sandler ====> $79
Compass Point ====> $76
Barclays =========> $74
Credit Suisse ====> $64
42% PROFIT possible==>DEUTSCHE BANK:$88, KBW:$81, UBS:$80, Piper Sandler:$79, Compass Point:$76, Barclays:$74, Wedbush:$70, Credit Suisse:$64
These are the LATEST price targets for $COOP
I think it's because the market doesn't see the difference between COOP and its peers/competitors. The market doesn't honor or even know COOP's balanced business model, which performs really well both in higher and lower mortgage rate environments. Also IMO the market doesn't recognize that COOP pays almost no taxes, and I don't know if the market is aware that COOP is massively buying back its own shares. But the most important thing I think is market doesn't know or cannot estimate the real value of XOME until COOP successfully monetizes the value, either by selling XOME or by creating a spin-off IMO.
COOP below Q3 BOOK VALUE $65.38, other companies trading at MULTIPLES of BOOK VALUE!
IMO in Q4 COOP's book value increased again!
COOP has more than $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!
COOP could be $85+ INSTANTLY when NEWS about the successful MONETIZATION of XOME (which is a STRATEGIC INITIATIVE according to their latest 10-Q) hit the wires...
...all IMO
LATEST $COOP price targets===>DEUTSCHE BANK:$88, KBW:$81, UBS:$80, Piper Sandler:$79, Compass Point:$76, Barclays:$74, Wedbush:$70, Credit Suisse:$64
COOP has more than $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!
UPDATED $COOP price targets===>DEUTSCHE BANK:$88, KBW:$81, UBS:$80, Piper Sandler:$79, Compass Point:$76, Barclays:$74, Wedbush:$70, Credit Suisse:$64