Mr Cooper Group Inc (COOP)

[barefoot123]

Public vs. Private

37:45: they prefer buying a privat company, not a public company. he repeats IT WILL be a private company, so I think they have a target already and they make good progress

http://www.investopedia.com/articles/stocks/08/public-companies-privatize-go-private.asp

Partial take from the article below; not sure if the BOD wants to remain public or go private.

Motivations for Going Private
Investment banks, financial intermediaries and senior management build relationships with private equity in an effort to explore partnership and transaction opportunities. As acquirers typically pay at least a 20-40% premium over the current stock price, they can entice CEOs and other managers of public companies - who are often heavily compensated when their company's stock appreciates in value - to go private. In addition, shareholders, especially those who have voting rights, often pressure the board of directors and senior management to complete a pending deal in order increase the value of their equity holdings. Many stockholders of public companies are also short-term institutional and retail investors, and realizing premiums from a take-private transaction is a low-risk way of securing returns. (To read about privatization on a massive scale, check out State-Run Economies: From Public To Private.)

Conclusion
A take-private transaction is an attractive and viable alternative for many public companies. As long as debt levels are reasonable and the company continues to maintain or grow its free cash flow, operating and running a private company frees up management's time and energy from compliance requirements and short-term earnings management and may provide long-term benefits to the company and its shareholders.