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COOP FAIR VALUE = $237.13
Why is it gong down so much? We were over $81.00 and the earnings were good. What's going on?
https://simplywall.st/stocks/us/diversified-financials/nasdaq-coop/mr-cooper-group/valuation
The market has been down about 1500 points the last week and today it only went up a measly 20 points. Yet barchart.com drops COOP from 100% buy to 80%. And COOP held up pretty well during that stretch. One of their experts actually has a SELL on COOP.
I don't think we're being held in some range. In this miserable market I think our small gains added up to 25 cents over this stretch. Yet I miss those days when we gained $1+; which is the way it should be IMO.
Simplywallstreet says
Coop fair value = $207.97
68.2% undervalued
https://simplywall.st/stocks/us/diversified-financials/nasdaq-coop/mr-cooper-group/valuation
Well, they lost 25M just today. The stock still trades below book value. Wall Street hates COOP. The overpaid CEO occassionally cash in his gifted shares for another $100M. What can I do except sing?
In the year 2525
if Man is still alive.
if Woman can survive
They may find -
The $80 pps analyst will finally be right.
Escrows will be paid to everyone's delight.
Wall Street will like COOP, at least they might.
I don't know what else to say. They don't tell us anything {:^(
I
I love your enthusiasm, but the market was up big today and we only gained pennies. I still contend that with our PPS COOP should go up at least $2.00 a pop.
'Nice, >180k BUY at the close!'
I can't understand your enthusiasm about COOP buying even more of their shares. All I hear about is the huge amount of analyst flattery, the generous PPS targets, the article you recently posted that claims COOP is a buy no matter what the housing market becomes. Yet in a good market this stock with a PPS over $50 should go up at least $2 a pop. Yet it languishes, going up mere pennies. And it seems to be stuck below book value forever. I'm heppy whever it rises, but most days it falls from the HOD. I thought when they bought the 25M shares they would simultaneously have a positive anouncment that would make Wall Street like COOP. Sorry for my rant.
This stock shold be going up at least $2 each time it does go up. Yet it barely goes up a dollar on a good market day. And at 275M profit this quarter it souldn't still be trading below book value. If I bought 25M shares of my own ompany I would have first devised a plan to make Wall Street not hate it. IMO
I don't get it. The Dow goes up over 500 points and we go down, and they know how I feel because they took a 25M share bath. I think I'm trained to believe that this stock, the better the earnings the worse Wall street treats COOP. Why didn't they prepare an optimistic event before they brought the 25M?
I'm not the only poster with a poor mindset. The other day it went up 1.20 (a mere 2%). Certain posters were wondering what dramatic event caused this. The way I view this is it preformed normally at best, going up a mere 2%. So what. It should always do that at a minimum on a decent market day. COOP please get your stuff together! All this optomism and we're trading at $10 BELOW book value. Use some of your excess money to improve the company. IMO of course.
You'd think they bought the 25M shares at the time they were ready to launch something that would make the market like them. Instead they must have lost maybe 75 million or more dollars. But things are the same. I know the market sucks now, but the midday crap of it always dropping from the HOD continues in spite of what the market does. And, of course, they never tell us anything. And gobbling up 60M dollar WAMU seems to not help anything either. And where is the interest money they owe us? COOP is totally unconcerned about shareholder needs. Their shareholder meetings are a joke. Please sell XOME if it will improve the PPS. Somebody said the PPS would go up 25 cents if they did. And since they own 25M shares they'd get 25M x .25. Big money. Please throw us a bone COOP managment. IMO
I thought that they would at least have a plan ready to go before they bought 25M shares. Now they know how the shareholder feels when they see a green market and this thing going down. I don't know any other $50+ stock that trades below book value and when it goes up it only increases by pennies instead of dollars. Sorry for this rant, but I'm just frustrated.
I can't understsnd why the stock only goes up only pennies when it does go up. It should go up at least 1-2 percent when it rises. I thought that when they bought 25M shares they had some kind of plan to improve performance. Instead it's barely moving.
This thing has gone down about 1.50 in the last several days. Since they own 250M shares they've lost like 300+ million dollars. I sure hope they have solid plans to improve earnings and not be hated by Wall Street so much.
They are buying back so many millions of shares . They wouldn't want to buy a $50 stock that only rises about 10-14 cents every day (when it does go up). So they must have a plan to remedy this woeful situation. Maybe a merger or buyout of a company could earn money in a more dynamic way . A $50 stock should rise at least one dollar on a good day, not a few pennies like this one does. If they never did that horrible RS then I would be happy with a 10 cents increase per day.
I pray that they sell XOME as soon as possible. They need to do something for the shareholder. After watching weeks of .02-.14 gains we drop 1.60 in one fell swoop.
This stock is only 4.xx in reality. Like a cheap penny stock.
I can't help feeling that Wall Street hates this stock. It's very distressing that a $50+ stock only moves like .02-.14 on a good market day. The worse thing about this is the dive down from the HOD almost every day. I know I should be bouyed by the fact that COOP is buying back a lot of its own shares, but somehow this doesn't effect the PPS. I know management can't control the market like you said, but what do they talk about with the analysts? Why does this trade below book value? Your $99 prediction is woderful, but it seems like this stock can't be predicted with chart reading. Anyway, thanks for your optimism and hard work.
The CEO cries 'We can't control the market'.
Isn't the market controlled by earnings? Profitable companies' PPS rises. COOP may have a great marke cap and a ton of money, but how are their earnings? Are they increasing? Buying back shares doesn't seem to make the PPS rise. I don't know why. I also believe anticipaton can make the PPS rise. That is If one believes the company will do great things. That is missing here IMO.
So days of small rises are wiped out in one bad day. This stock used to go up $1 in one day. No more. I believe the CEO (wih his $9M salary) is doing a terrible job. And the horrible RS is always a disaster IMO. They need to do another m+a. Why not buy a home construction comapany. That way they could build the homes and supply their morgages. They could then become a conglomerate. Buying back shares doesn't seem to make a difference. MSFT and AAPL don't cry that they can't control the market. Thier great earnings DO contol the market.
When do you think we'll reach $100?
Thanks for all your great work .
'With COOP reaching their $1 TRILLION GOAL in UPB rather sooner than later and the continuation of their share repurchase program we could see $150 very well in 2024."
Aren''t 5/10 years enough wait?
I pray they will fight for their money (and ours too).
It's very discoraging the whole thing. COOP swallowed up $60B WAMU. Where did it all go? Why can't COOP earn any money? Why does Wall street hate COOP? This was supposed to be the golden once in a lifetime buy. Somebody here keeps saying this should be a $100 stock due to the PE. That would be Fair and reasonable.
Now I pray every night for the escrows and the for the FDIC to close this travesty.
"15 yr mark approaching, don't think for a minute that the hedge funds are lying down"
$48 stock only increases 0.05%(.25) on good days and the first bad market day it's all wiped out.
With performance like that how can it ever reach $50? What kind of garbage CEO, earns 9 million a year and allows this stock to trade below book value? Isn't that the value as if the doors were closed and they did no business at all? In my opinion Wall Street hates this stock and so do I. I have so little confidence in COOP that every night I pray for the 'buckets' Royal Dude keeps talking about. I cry at my ignorance for not buying apple or microsoft.
And you blame the MM's. Somehow they don't hinder microsoft which went from 30$ TO 300$.
I guess I'm a coward. I worry that if I sell COOP it will end up at $100. Why isn't it there now? You keep saying that the PE should propell it to the $100 level. Anyway, thank you for your efforts.
"MMs let it fly to the next level when they covered more shorts and accumulated enough shares that they can sell during the next leg up IMO"
"were the assets liquidated yet?"
Weren't there a load of assets that are coming to us listed in the Purchase Assets Agreement? Like a ton of deposit money, buildings, .etc... It doesn't have anything to do with the Litigation Trust.. Does the FDIC control the release of these assets?
Didn't somebody say that although the escrow markers are deleted their numbers are stored in the Delaware DTTC?
I am having trouble piecing this together. I'm very annoyed that a certain poster has decided to speak to us in parables.(masked truths)..
9. What are Escrow CUSIPs? Are they still issued and outstanding?
As contemplated by the Plan, Escrow CUSIPs (the “Escrow CUSIPs”) were issued by the
Trust on the Effective Date to eligible former shareholders of WMI. Eligible former
shareholders are those who timely submitted relevant documentation, including the release
required under Section 41.6 of the Plan. Escrow CUSIPs were issued solely to facilitate potential
future distributions of equity shares of Reorganized WMI, if any, to such eligible former
shareholders of WMI if Claims involving Disputed Equity Interests were disallowed.
The Escrow CUSIPS were established solely to facilitate potential distributions, if any, of
shares of Reorganized WMI common stock; however, all shares of Reorganized Common Stockhttp://www.kccllc.net/documents
"The Liquidating Trust will not continue, nor engage in at any time, the conduct of any trade or business other than the liquidation and distribution of the Liquidating Trust Assets, and is intended to qualify as a “liquidating trust” for federal income tax
purposes under applicable Treasury regulations."
I'm no expert. but bizreader's deleted post made me curious. It sounds like the only reason that Trust exists is to distribute assets.
Does the trust still exists?
http://www.kccllc.net/documents/8817600/8817600210115000000000001.pdf
Instead of talking aboout your own sucesses, why can't you talk about the prospects of WAMPQ, WAMKQ and WAMUQ holders (the great majority of us here). I'm glad this Wells Fargo thing yeilded you some sort of payoff. And perhaps you could evaluate COOP currently, not lecture us on the fact we didn't jump in at $5.00. The past is irrelevant now. I had zero funds to buy COOP when it was so cheap. I have most of what was given to me for whatever reason it was given.
I value your posts and actually saved most of them. You said the escrow share information was being recorded somewhere. Do you see us eventually getting a return from tthem? Because you don't discuss this the board is flooded with theories and some downright cruelty ("nothing coming back") having no basis. One poster has seemingly devoted his existence to trupeting "nothing coming back'. It's cruel because he hasno concrete knowlege. Nevertheless, I believe you have a well researched opinion and I want to here it, (please, not an order)
What do you think about COOP's newest acquisition? Wall Sreet seems to be stalemated about it, as COOP.s PPS has literally moved in pennies.
Simply Wall Street reports COOP pps 79.3% below fair value. I don't have a free account anymore, so I was kicked off aftter obtaining that one fact.
The big buy at the end of day looks nice, but why does this stock only go up 0-0.5% on a good day. A $43 healthy stock should go up like $2.00 (2 %?) on as good day.
Piper Sandler Strong Buy Maintains $71.00 +77.46% 2022-02-14
https://www.wallstreetzen.com/stocks/us/nasdaq/coop/stock-forecast
":COOP 85% profit possible==>Piper Sandler:$71,'
Piper Sandler:$71 I thought it wss a BUY, but it's a STRONG BUY
https://www.wallstreetzen.com/stocks/us/nasdaq/coop/stock-forecast
It's scary to think a company could report good earnings and a paltry few people (MM) could conspire to lob 11% off the PPS in jjust one day. And who knows if when they decide to drop the price they buy a sizable amount of a stock for themselves, so when they run it up again they or someone they know makes money. All under the guise of maintaining a balanced market.
.
Hi AZ,
I Really appreciate the work that you do. It truely gives me real hope. Your analysis that the WAMUQ''s will nreturn $20+ and the prospect of a forward `spilt of COOP, even a 3-1 forward split would triple my holdings, which are over 4,000 shares..
I am constantly discouraged by the performance of COOP. I know you say it is the 'tell', which encourages me somrewhat, but the insider selling, such as that by CEO Bray, COOP 's upward movement being so slow and management not seeming to care about the shareholder all weigh on my mind.
Thank you again for all your work, which constantly lifts my spirits about getting a meaningful financial return..
Hi AZ. I was under the impression that the 'esc' shares were removed `from `our accounts because the DTTC was taking control from the WMILT and not because of transfer agent concerns. They must have a value if effort is being made to return them to our accounts.
One of your posts seems to mock the analyst price targets of COOP. I feel the same way since the merger with multi billion dollar WAMU obviously gives COOP huge poterntial. But why is COOP. trading so far below book value.?
I don't think management cares about the shareholder. But since the institutional holders don't complain we just have to. as they say, 'ride their coattails'.
Thanks for all you do.
Thank you very much for your dedicated service to COOP shareholders and escrow holders. I really appreciate your posts.
Large,
What do you make of this?
https://sec.report/CUSIP/939ESC968
Thank you for all your efforts.
"WMI Liquidating Trust to Initiate Final Distribution and Wind-Down of Operations"
https://www.sec.gov/Archives/edgar/data/1545078/000119312520005481/d866835dex991.htm
"SEATTLE, Jan. 9, 2020 /PRNewswire/ -- WMI Liquidating Trust (the “Liquidating Trust”) (the “Trust”), formed pursuant to the confirmed Seventh Amended Joint Plan of Affiliated Debtors under Chapter 11 of the United States Bankruptcy Code (as modified, the “Plan”) of Washington Mutual, Inc., today announced that, as previously disclosed, on or about January 10, 2020, it will initiate a final cash distribution (the “Distribution”) of $39 million. The Distribution will be paid to holders of subordinated claims in Class 18 as contemplated by the Plan. After giving effect to the Distribution, members of Class 18 will have received a recovery of approximately 82% of the face amount of their allowed subordinated claims, inclusive of post-petition interest. The Distribution follows the entry by the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) of an order authorizing, among other things, the closing of the Debtors’ Chapter 11 cases.
Contemporaneously with the Distribution, the Trust also will initiate a final distribution of all shares of common stock of Mr. Cooper Group Inc. currently on deposit in the Disputed Equity Escrow (as defined in the Plan) less any shares sold to satisfy tax obligations. The shares currently held in the Disputed Equity Escrow are held on behalf of former common shareholder interests (Class 22 in the Plan). Therefore, any redistribution of such common stock will be made only to members of Class 22. Furthermore, consistent with prior distributions and pursuant to the Plan, no , shares (nor any cash-in-lieu of fractional shares) will be distributed. Due to the de minimis number of shares currently held in the Disputed Equity Escrow, and the fact that the Disputed Equity Escrow Agreement does not contemplate the issuance of fractional shares or the payment of cash-in-lieu of fractional shares, the Trust expects that a significant majority of legacy common shareholders will not receive any shares in connection with such redistribution."
I understand it's not exactly a gold mine, but it's not nothing either. Its dated 2020 if that matters. Well I'm still searching for answers, although I'm no expert in this field.
This doesn't sound like nothing either, although I can't decipher its meaning.:
https://sec.report/CUSIP/939ESC968
Well, I hope there's something to this.
"there was no legal language about payout to escrows, then, or in the future.."
Does this means CUSIP 939ESC968 yields 34 shares of COOP for each 939ESC968 cusip? If so, where will these shares come from? If so, they'd yield me 34*300,000=10,200,000 shares.
https://sec.report/CUSIP/939ESC968
I don't understand the entire page. Maybe someone else does. I'm trying to put this together the best I can. As usual, the question is 'if'/'when'.
Yes AZ, my Cusips were deleted from my account. I reported it (TD Amitrade) and they told me thy would direct the problem to more than one department of theirs to get it solved. And it was solved.
Thank you for all you do. I keep a record of all your posts. And I pray that we get the justice we deserve, as you outline. Hope is very important and thanks to posts like yours I don't believe I have false hopes about a recovery.
'Specifically, The Brokers were "ALERTED" to, ... Those DTC's ISSUED ESC Cusips, ... DO NOT Get Removed From Anyone's Account, Until The Complete Process, and Interest Earned, ... Gets Returned' ...'
COOP fair value over $200? How?
I own 4024 shares COOP but why should I put my hopes there? It's a
$3.37 stock. It goes up in pennies - down in dollars. Look at the last few days. the DOW went up 200+ and COOP went up 0. Then down a dollar when the market is down. I know its only a brief snapshot, but how can they ever put a market multiple on $3.00 stock?
Why did they ever do the disaster 1:12 RS. Maybe Mr.Cooper likes a double digit. stock. He claims it was to reduce the share count, but now I read 175 Million shares will be introduced if the PPS goes over $50. The way this is trading it will be in the year 2525 (if man is still alive).
Here's where my hopes belong I own:
939ESC986 300.000
939ESC992 1,550
939ESC84 20,100
According to AZ's napkin math I'm rich in a way that if COOP went to $200 (reported fair value) it could never yield the same wealth. The fact of the matter is Coop is not $40.49 stock even though that's the current PPS. I'm glad some people were able to load up when it was $3.50. But as a church missionary I get little or no pay.
I can only pray that the COOP BOD does the right thing (of course it will done in their best interests) KKR is gone so I hope Coop needs the interest money. Then we can get what we richly deserve (Pardon the pun).
So the 'tell' (COOP) trades below book value. I didn't think that was even possible.
'The ~11.1M share buyback increased COOP's BV to ~$39.35'
Thank you for your efforts. Hopefully we don't need a miracle. Ron#### posted that we would be charged money by our brokerage houses to keep the escrow cusips in our accounts if they weren't going to yield any cash. I see TD ametrade charges me for every thing else. I also believe there is tons of money like azcowboy talks about in the subordinate funds. However I don't really trust the COOP BOD to release these funds.
as for COOP being the tell, I'm sick of hearing it. This stock trades horribly IMO. When it goes up it should go up in dollar increments not pennies. That would be he healthy 2% increases. Insider are dumping. The CEO is overpaid IMO. The RS really bothered me and I believe Wall Street hates COOP and is thus reluctant to put a market multiple on it despite the low PE. But what do I know. I'm just a church missionary serving in South Korea.
I pray every night for this escrow money. It will help my life and I would redirect some of it to my serving the Lord.
COOP fair value = $216.47 - Simply Wall Street
https://simplywall.st/stocks/us/banks/nasdaq-coop/mr-cooper-group
Excess Returns = (Stable Return on equity – Cost of equity) x (Book Value of Equity per share)
= (44.2% - 11.43%) x $48.43 $15.86
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $15.86 / (11.43% - 1.99%) $168.04
Value of Equity = Book Value per share + Terminal Value of Excess Returns
USD48.43 + $168.04 $216.47
You can call it clever bookkeeping, but simplywall.st hasn't let me down on other stock picks yet.
Making all our Assets 'disappear' goes completely against the escrow tracking cusips. which reveal the amount of assets one is entitled to, established in the accounts of those who released, as explained by AZCowboy.
Well, The 'WAND ...kinda like magic wand...'-It could just as well be their Grand Plan to make all our Assets 'disappear' .
What about stocks rising solely on increased earnings?
All this options talk and the claim that earnings has only a secondary effect on the price of a stock and MM's will drop the PPS to cater to options or the shorts goes against everything I learned about the market. I'm sure it happens, but every time COOP does good you put the same negative spin on it.
Maybe it's the high degree of insider selling, the PPS being locked in this narrow range, the secretive nature of management, the ... whatever?
However I do like your posts and keep up the good work you do.
'they are setting up the call options at the 35 strike price...they will drop it in the final week before options expiration.....Lodas'