Mr Cooper Group Inc (COOP)

[kirby96]

Those of us with escrows who do not believe in the unicorn theories of billions wonder why the folks here spend so much time doing so-called 'diligence' and 'analysis' when it makes no difference, and distracts from WMIH.

Investment analysis and diligence is generally done in order to facilitate a buy, sell, or hold decision. Decisions that can't be made with escrows regardless of how much time you spend on it. Regardless of the time you spend, regardless of the conclusion you reach, you will hold. Thus that time is wasted. I spend no time analyzing escrows, and I will participate or fail to participate in equal proportion to those who spend hours on silly analysis.

So why do they do it? I think they do it because deep down they realize they will likely get nothing for escrow and it's a desperate attempt to convince themselves.