Mr Cooper Group Inc (COOP)

[etzetrade]

I feel that IMHO as follows:

WMIH goes nowhere unless she is associated with WMIHLT ( as casher). These two have to work together for a win win case. Why KKR/Afliates/ Citi put so much efforts only for $6B NOLS, they must have higher goals. Actually, NOLs only save 35% due tax. Plus, the real market value is approximately another 70% off. Without a 15% ROI, HFs would make a move annually. How much that's marriage could make, really not that much.

On the other hands, if LT gets a lot of cash, why do we need new partners? The answer is their expertise. LT is the cash provider, let WMIH makes fees and profits as revenue. That is huge and it is a long term business. That is the reason there is no feedback from WS yet, IMHO.