Mr Cooper Group Inc (COOP)

[Evintos]

Edited: es1 - for whatever reason, an alert just popped up as though you just posted today.

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It depends on who you ask. I'm a bass fisherman. I have a crap ton of tackle and the knowledge and drive to catch fish. So if I wanted to catch bass, I will. It might be a 5 fish limit at 2lb per fish but it's better than going for a double digit and getting skunked and losing the tournament.

WMIH Corp is like a bass fisherman with knowledge, limited selection of tackle, and very narrow drive (in my opinion) fishing in a Florida drainage ditch. I see them as the fisherman trying to using a single glide bait/hard body swimbait in waters with nothing but dinks (don't know if you know bass tackle but swimbait/glide baits were all the hype for two seasons and they are very large lures for targeting double digit bass).

Instead of realistically going into the tackle box (or tackle store) and using crankbaits, jigs, spinnerbaits, they're dead set on the one lure. Can they catch a hawg in a ditch with the swimbait, sure I've seen it done on video. Is it likely? Nope. I've seen more 1-3lbers caught though.

When the series B deal was made a long time ago, I brought up the possibility of them having to need to do another round of funding (I can try to dig up the post where I mentioned this). I was right. According to the recent 8K Power Point presentation (https://www.sec.gov/Archives/edgar/data/933136/000119312517365615/g504414ex99_2s4g1.jpg) WMIH is essentially stuck looking for acquisition opportunities around the $2B mark. $2.8B resulted in a statement "WMIH lacked financial capacity" and one statement "passed based on price" on something that was $625mm
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Qualified Acquisitions state a series of smaller acquisitions or one large one.