Mr Cooper Group Inc (COOP)

[Yanik]

I like that the CEO of what will be our combined company is a straight shooter in regards to how the company will get that lower tax rate and how the merger drops that tax rate even further because of WMIH NOL.

Its nice that while other companies in the same sector will get a lower tax rate due to the corporate rate being dropped our company will stand out because the NOL drops the effective rate an additional 21% beyond everyone else and I bet the accountants that do the corporate taxes for the company will find whatever other advantages exist in law to take that effective 3% rate and bring it further down.


So when a investor is looking at this sector of the market when WMIH earns income from business it gets that nice tax shelter its competition does not. So while every company in the same sector will get a higher EPS growth rate on the reduced corporate tax rate. WMIH gets the further advantage of having every dollar in earnings effect the bottom line because almost all its income going forward is tax free. The exciting part about that is we can see the company grow much more rapidly because not having to pay basically any tax on its earnings will be huge and should be reflected.


All in my opinion of course. Very exciting indeed.