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Nicely done! Thank you.
JHD
Thanks dragoon!
JHD
As this continues to slide down where is next level of support.. if that even matters. Meanwhile all these $100+ estimates. lol
Thank you.
JHD
Yes! The structure that they have is very complicated. They have many devices and ways to finance things. What a great stock!
JHD
Yeah, they carry a lot of debt in their capital structure (balance sheet) and as a mortgage institution, it’s complicated regarding various vehicles they use to pay for things. I’m not so concerned about it. I’d be a little more concerned if it was 7 billion and dilution. They said no dilution and look forward to next year being even better. Still a monster in the making .
JHD
Lol. Ya think? . I know higher highs, higher lows, but I’ve never seen a stock waffle this much in my life…
And yes, I watch it too much. I’m gonna let it be for a while.
Best to you!
JHD
Taking a bit of a beating today. Should settle itself out once rates are known.
JHD
Well, if only for a moment premarket is showing $99.26 for COOP on Charles Schwab. lol
JHD
Well after selling your stock at $50 and buying fancy toys it's something to hang on to as the stock is at $92+ and headed to $150...
JHD
Thank you .
JHD
Yep a joke…
JHD
Ok Bill. Yeah, I didn’t mean to upset you …I don’t know why you think there’s something coming for escrow from the report.
Escrow is behind the curtain stuff. Anyway, I hope you hold some COOP because that’s where the money is currently now. I’m not saying for a fact cause I don’t know, but there is most likely in my opinion, nothing coming for escrow.. I hope I’m wrong because I have a lot of it, but after all these years and many dates missed.
Well….
JHD
Escrow is no longer nor should have been the moment at hand...COOP is. If escrow comes after years and years fine, but I making good money on the stock, and have make alot since inception and when it fell back a couple years ago...
This is gonna be one for the record books in the future....the Monster at the mortgage table.
Best to you!
Respectfully,
JHD
$95.03 not bad!
I agree, with their ability to handle both refinance and mortgage origination along with the wonderful platform that Xome supplies for foreclosure/repossession properties and the huge marketplace that exists there, like a Zillow for regular real estate, with their “no dilution” comment and “2025 is going to be better”…. wow just wow.
JHD
The one thing we do know now according to their own words.. there will be no dilution .
JHD
Ok thanks for the info!
JHD
Hi JWW was there a gap created this morning?
JHD
Love the targets being raised to $100+
JHD
Just wow... your $200+pps estimate could be a real deal...
JHD
It's all good UP! You're a smart dude.
And I always say, eventually someone gets something right. 😀
Here's to the future...
JHD
Wow that's huge!
JHD
Pretty cool..I do not believe they would say that knowing it is down the road.
JHD
Was that a great report or what! Crushed earnings! Increasing profit potential from acquisitions and some
positive talk for 2025..
JHD
Yes and with them expecting 2025 to be great it is going to be a wonderful share price growth from here...into the $100's and beyond..imo
JHD
Was a great report..congratulations!
JHD
Yes.. though in Seattle they are occupied by Amazon.
But yes, parts of the country look like China buildings that are unoccupied.
JHD
COOP Radio at $93.16 ROCK!
JHD
Will be interesting… my guru financial guy doesn’t see a crash like that coming. Especially a 2008 repeat.
JHD
$91.47!
Ok thanks.
JHD
But don’t they make it back on mortgage refinances?
JHD
I can't imagine there's that many shares to get but someone must be selling into it.
JHD
Looks great but I never trust after hours. Perhaps an indication of future share price but mostly pathetic volume.
JHD
Yes...there will be many refinancing...
All good from here IMO!
JHD
Yes, and think of the refinancing where COOP will greatly benefit
Yes, they tend to look at one side of the coin and the beauty of COOP is they have multiple sides!
JHD
$COOP Mr. Cooper downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette downgraded Mr. Cooper to Market Perform from Outperform with an unchanged price target of $95. The stock is up 11% since July 9 while the 30-year mortgage rate has fallen by just 15 basis points, the analyst tells investors in a research note. The firm says the market's rate cut expectations imply a mortgage rate of 6% by July 2025, which would likely result in a moderate pickup in purchase volume but still relatively weak refinance activity.
Keefe cites valuation for the downgrade, saying the stock's multiple is are now at levels last reached during the Covid-19 boom period of late 2020/early 2021, when returns on equity were significantly higher than it forecasts through 2026.
Thank you Royal...and yes, Steven rest in peace...breaks my heart.
JHD