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Roughly 20 million shares ...so at todays price, the shares COOP repurchased are worth appr 778 M.
Some of those shares were purchased at much higher price...would you say, total spent by COOP is around a BILLION?
Crazy amount of cash spent...yet the PPS is not where it should be.
Do you ever feel like your being Bamboozled? I do...
I couldn't agree more....and I blame the totally useless BOD for all this BS.
This giant POS, should have taken off over the last two years when the housing market was red hot. But it didn't....and now the housing market is SH$T, and it will be for the next couple of years....so I ask where do you think COOP is going? 80-100 like JWW thinks...or down to 30.00,or lower?
I hope I'm wrong...but I'm with 30.00 and lower. Unless they sell their so called golden egg ....lol
oh and one last thing...guaranteed next earnings call they'll say...COOP is way undervalued, we have a golden egg, its worth a lot, which we may sell , and we're buying back more stock.
Yeah...ok,sure.
I agree! and let me add....that something "FISHY" has been going on with COOP for a very long time...not sure what the end game is?
Not to point out the obvious but, 200M / 39.XX = appr 5 million shares...add that to the rest that they own....and its a massive sum of shares .And a massive amount of money spent acquiring those shares..
PFFFFT !!!! whatever...why do they keep doing this BS?
They've been buying back stock for the better part of 2-3 years....today we sit at 39.XX...down 5.00!
Clueless BOD...the millions they sank into the black hole called COOP stock, would have been better spent buying another company with tangible assets.
I'm glad I didn't buy more at open...
After so many years of waiting...I'm almost at the end and ready to dump everything I have and get the hell out of COOP/WAMU.
I'm not a fan of the BOD...they can stick their BS stock rebuy crap (which has done ZERO for increasing stock holder value) up their A$$.
IMO... 47.00-48.00 tomorrow on good news.... back down to low 40.00's next week.
What happened to all the years spent reading the filings?
What happened to the Escrows that would never be deleted?
What happened to...COOP is the tell.
Thousands of meaningless posts filled with riddles no one understood.
But now its time to brag...lol
Fraudulent seizure by the super corrupt Government and scumbag JPM.
I havent checked in for a while...yikes, after seeing where this is at...its a good thing.
I cant believe Ive held this for a decade plus. I should have bailed when it went up for no reason. Stupid me.
COOP yo-yo range...40-45.00
Flippers paradise.
pennies...but still green...for now.
Ive thought that for some time...
If its so valuable when sold? WHY would it not be valuable while they own it? and, be reflected in the current PPS.
Must be like the COOP stock buy back...COOP keeps reducing shares but the PPS is hardly effected.
I am not a fan of the COOP BOD CLOWN SHOW....every quarter, they bring up what it "should" be worth....haha.
...stock repurchase program has done wonders for shareholder value.
They can play any game they want...as long as it has a positive effect on COOP.
Unfortunately to often, the opposite is true.
Crystal ball is broken, and has been for some time now..
There was period of time ,I thought it might happen, not so much so anymore.
Lots of people hurt...soulless people without any type of moral compass run the banks/Gov
Wow...another normal trading day at the COOP corral. Man I sure am glad I hitched my horse to this wagon back in 2007.
Its been a dreadful ride....and it continues daily. Should be laws against this kind of crap...but when its your buddies gaming the system its all good. Absolutely disgusting.
I don't think the Hedge funds care. BB and LG, firmly believe the Hedge funds have been waiting 14 years for their payday.
No way...they've moved on, somehow ,someway, they've made their money off of WAMU/COOP.
I wished for the BIG payday,like everyone else that held Escrows...but each passing day becomes more and more unlikely.
But,I do believe that COOP will do a forward split....if they do, that will make up for the Escrows...at least it will for me.
ALL IMO.
Right, they should be RETIRED, which would reduce the OS.
But in COOPs case the OS went back up...why?
So COOP BOD purchased shares, not to retire them, but to release them back into the market? at a later date? for profit? or maybe gift the shares to the BOD? who then can turn around sell and make a killing?
Their so called stock buy back program has done absolutely nothing for shareholder value....zero.
and...please correct me if I'm wrong...didn't some of the shares COOP bought, find their way back into the market. I remember conversation a couple of months ago that the OS went up, after the "buyback"?
The BOD is a joke.
The stock buyback (less than 100M available )that has done absolutely nothing for share holder value, sits at the pinnacle of stupidity .
I see ZERO reason for them to do this....and it really bothers me that they thought this was the best way to utilize the funds they had on hand.
I would be remiss if I didnt add the 12-1 reverse that they adopted to screw retail shareholders....another fine decision by reckless BOD
Since we have had one losing day after another for weeks now...how far will the market have to drop to be called Black Monday?
8.6% inflation? really? Market in freefall...AGAIN
Talk about cooking numbers....if gas was 3.00 and is now 5.00+,thats a whole lot more than 8.6%. Now if they are saying that EVERY MONTH we are up 8% over the PREVIOUS MONTH...I would agree with that. But we are definitely a whole lot more than 8.6% vs last year!!!!!
I used to buy eggs at Walmart for .88....now 2.69.
....so lets see 17 months X 8%=136% (compounded would be even worse) ....that seems to be a truer number than the one the massively corrupt lying government puts out every month.
So did I.
And, yes... thankfully, summer is finally here, all too fleeting, enjoy
True...but looking at it from when the merger happened...not so good.
Not many shares available, and its STILL trading UNDER book value...why?
The way it trades really bothers me.I don't expect constant steady increases but....this thing, where we just hang at a price point for a period of time, then allowed to move up, only to be brought back down to languish again, is absolute BS.
COOP is dead in the water....just like this board today.
We sit and wait...what will the BOD do next? As I mentioned before not thrilled with their stock acquisition program...even though appr 20% where purchased by COOP...so far, it hasn't done a sh$t for shareholder value..
Merger was done at 18.00 4 years ago,43.67 today.
Something is definitely amiss.
...any day now....seems I've heard that before.
D-bags put the sell on COOP so their partners in crime (MM's) can snag some shares.
Im pretty sure, they're not sitting around waiting for the WAMU Escrows to come in. Either a deal was cut or they made enough money manipulating the stock price to satisfy them.
How I wish I could go back in time, and not buy WAMU stock in 2007 and 2008.
Its been horse sh$t ride, with constant disappointment.
Super top secret, no admittance.
Did COOP re-sell the stock they bought?
Diluted the market with the stock they bought back....lol.
I dont believe he ever did....it was after the fact, that he brought it out as I told you so.
I might be wrong...but I remember cryptic post after cryptic post spouting about the "tell" being COOP....and I assumed ,as many others, it was related to escrows.
He then pivoted when the price went up, and the escrow "theory" became "I told you to get in at these entry points", and would list entry points from the past months/years when the stock was trading much lower.
And, a short time later, another pivot....COOP has to be at 50.00 for 60 days.,before the golden COOP goose would lay the golden eggs.
IMO from memory...Im not sure which pivot came first. I could re-read the posts...but the style of writing, gives me a head ache
*sigh*...I agree.
I dont blame you...its been 14 years of non stop bullchit.
The only people that have profited (aside from AZ and all the super astute stock traders, that always get in low and sell high...lol) is the current BOD,HF and the crooked lawyers that strung the BK out for years while they milked the estate.
Im sooooo tired...and as much as I want to stay positive that something great will happen...it appears more bleak every day.
IMO...Foolish decision by the BOD, their stock buy back program, hasn't done chit .
Would have been better off, using the money for something else more tangible, like buying another company, or as many have said, a dividend.
Woooooooooow ,look at this gigantic turd of a stock.
What ever happened to Brian and big bootie Trixie?... both deserve jail time...hoping thats where they both are.
Wow...almost a 4 banger today....not