Mr Cooper Group Inc (COOP)

[RetirewithWaMu]

"Besides, there is NO CAPS on preferred, where there is for common share holders, which means that preferred could be worth many times its face value".

What a ridiculous statement. Neither Preferred nor Commons are capped. Anything that comes back is 75%/25% all the way until the last dollar is distributed. All of the old rules of APR and the magic of preferred shares went out the window with POR 7