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yep...slowly easing her up, as to not draw too much attention, to what's coming.
Sure looks like they are putting the band back together...
hmmm, wonder why my platform is not picking that up?
Will we see 40.00 today? Nope, brought right back down at open, typical games.
First Trade shows 39.50 with zero volume.
MM games?
Credit to nranger for the link.
https://simplywall.st/stocks/us/banks/nasdaq-coop/mr-cooper-group
I was thinking the same thing...but at 39.00.
We will probably spend the next 3 months languishing at this level, until the next quarter, then move up a few dollars and wait for the ...next quarter, rinse and repeat.
Eventually the true value has to be recognized...no?
Excellent website, lots of great information...COOP looks fantastic THANKS!
Me too!
COOP has always been my primary...added when others sold...holding for the BIG pay day.
Escrows, needle in a haystack...shot in the dark. But Ill gladly take anything that's given...even a dollar a U share does me well.
Sweet...is it,time to ...go!?
On March 15 it was announced that COOP had sold Title365 for 500 million...
"Mr. Cooper Group expects to record an after-tax gain of approximately $350 million and receive cash proceeds net of transaction costs and cash taxes of approximately $400 million upon closing."
On that day, the stock peaked at 36.93...right after that day, started a steady decline....and we spent the next 4.5 months locked in between 31.78-34.91. Funny thing, if you average those two numbers you get 33.35. 33.25 is the price COOP paid for KKR's 11 Million shares. Approximate cost...400 million.
IMO,COOP sold Title365 to raise the cash needed to buy out KKR. Its definitely not a coincidence that the 3 years was up, and a day or two later the KKR announcement came.
Im glad KKR is gone, didn't like them having pull over COOP's decisions. HF are only it for themselves and their clients...can care less who's lives they ruin, as long as they make money. Look up Goodyear, and what happened to them in the mid 80's with Goldsmith...ended up selling off most of their subsidiaries to save themselves (I worked for GY for 22 years and was there as it all went done, very ugly)
really? well I find that very interesting.
Why would KKR not want anyone to know they're involved with COOP/WAMU?
Two days ago I was on KKR's portfolio website, looking to see if I could find how many shares of COOP KKR held and at what price...guess what? I couldnt find COOP listed with all their other holdings.
I found that ODD ,but didn't really question it...now I THINK I know why...they were no longer an investor, COOP had already purchased the shares back (and were removed from KKR portfolio website). I wonder if all that after hours trading for the last few months was COOP buying KKR's shares.??
So now, having a day to digest it, I dont think this has anything to do with any dilution that's coming . I think this was all pre-arranged/pre-determined. Many years ago when KKR came into the picture, they came up with a plan on how to move WAMU forward, a time frame and a exit plan for KKR.
The stock by-back, and dollar amount needed (profit for KKR)was decided on...and here we are today...
COOP free of the KKR , able to do as it wishes.
IMO
No I'm not looking for crazy numbers, I have never been in that camp....and yes, I forgot the POR had that built in.
But, if we believe dilution is coming, some how they will need to find "additional value" to offset some of the dilution.
#2...WAMU holding company value brought forward to offset dilution.
wow! look what we found!
100% agree. HF are in it to make money...lots of money..thats it. No other agenda.
No way of knowing ,what has been said and done behind closed doors. They held COOP at around 33-34 for months....now we kind of know why?
I know first hand having worked for a company that was owned by a hedge fund. They held us for a few years...while building the business, and modernizing the essential structures (computer systems, software, buying additional warehouses). Once done they found a buyer and dumped us like a hot potato.
I think most smart HF...go in looking to make X, once they are there...see ya...probably the same deal with KKR?
I agree that dilution is coming...3 or 4 to 1 forward would make me very happy.
I see KKR being gone as a huge blessing...no longer worried about what the leading Hedge fund will do to COOP to profit.
Most Hedge funds flip their holdings every few years...I think I heard 4-6 years, is their preferred hold time.
KKR made their money ,now its time to move on.
Good Riddance...and go COOP!
With KKR gone, we can put the KKR taking COOP private talk to rest...
JWW, do you know how many shares KKR has left at what price they hold them at?
Is 37.00 the new 34.00...stuck around this price for the next 3 months...hope not.
Yep agreed...been here, like many since day one...and every year that goes by, the Escrow candle, grows dimmer and dimmer.
IMO...less than 1% chance for any recovery from escrows. I have read nothing that lets me believe it will be anything else but ZERO.
And lets be honest, the majority probably purchased WAMU when it was in BK...for pennies. Unlike some of us that bought well before the seizure....and after years and years of waiting have finally recovered the money we invested (me).
So Im happy to have a profit after many years...and wish for much much more...from COOP.
Nice open...38.25 and climbing....would love to see 39.00 or 40.00 today.
Wow...Bob is REALLY an old timer!
I remember making 3.35 flipping burgers at MCDS while going to High school. Met more girls(wink) there than any where else I worked at...good ol' days with real cashiers and no stinking Kiosks.
"According to JPMorgan Chase & Co. and its chairman and CEO, Jamie Dimon, a fortress balance sheet is one that is “unquestionably strong” with suitable reserves, strong capital ratios, and strong credit ratings. Essentially, a fortress balance sheet allows a company to withstand difficult events while maintaining the flexibility to still deploy capital as it sees fit.
A fortress balance sheet should be able to withstand severe shocks, particularly those that “come out of the woodwork” with little to no warning, like contingent liabilities and covenant breaches, all while maintaining the ability to make deals. John J. Tus, vice president and corporate treasurer at Honeywell International, said this is important because “companies that do the best deals do them at the trough of the market, not at the peak.” Underlining the importance of maintaining a good credit rating, he also said: “During good times, ratings determine what you pay for capital. In bad times, they determine your access to capital.”
You beat me to it...I really like ....
Mr. Cooper Group Inc. (NASDAQ: COOP) announced today two additions to the executive leadership team as the company focuses on becoming the largest home loan company in the country, with a customer-centric culture and best-in-class digital tools.
Same game different day...super frustrating to watch.
HHHmmmm July 29th,Just before August 1st....is this the "tell", is this the day, is it?...LOL, sorry, couldn't help myself.
Like I told the wife, escrows are like a lottery ticket...if you don't buy a lottery ticket, you have zero chance to win. But, if you do, then you have the tiniest of possibilities, but a possibility nonetheless.
Escrows 1% chance (IMO) we will receive great riches....but I'll take that vs ZERO.
KKR...first in line at the COOP buffet.
I dont get it, what IS there to buy back?...the (current) float is next to nothing, unless as many have speculated, the reason COOP has been held at 32-34...is for the upcoming dilution.
Sometime after August 1...
2:1 or 3:1 U escrow:COOP...will drop the price to 16-17?ish or 11-12?ish
Then, the company buys back, as long time holders dump like crazy...
(Not sure how they deal with P's etc).
...IMO
13 years is a long time, and Im getting tired of waiting, but Im not going anywhere, unless (of course) God calls and says its time to go.
No matter what news comes out, we are locked in 32-34.
Not sure what they're trying to do...but boy, am I getting tired of this BS
Wonder why its soooo important to keep it around 33.00?
Great 1st qtr, sold Title365 for 500 M...and yet after all this good news we are lower than before...almost as if they are getting ready to purchase something for shares(dilution) and cash.
Im sure its been brought up before...I probably missed the post...(IMO)!
What...huh?...the majority of your posts are indecipherable
Yep, COOP trades like Sh$T...the manipulation takes your breath away. I've thought about dumping what I own...but after 13 years... no way.
But, as far as Lagers go...try SPATEN LAGER, its deliciously refreshing, with no after taste!
The MM's are a scamming scum...
I stopped paying attention...come back today...and almost penny land, sweet...
10 plus years of waiting, hoping...finally moving.
Interesting...does this end the KKR taking COOP private conversation?
...36.11 is a LOOOONG way off.
Excellent...hopefully this is the end of the 1% nonsense.
I'd sacrifice that in a heartbeat, to be done with this 12 year insanity.