Mr Cooper Group Inc (COOP)

[jerrylev]

Basically, we have a company with earnings merging with a company with no earnings but a NOL that will save it 20% in tax - no the NOL is not going away, boy. So if the dilution is more than 20% because there are more shares then we have a dilutive merger as Seeking Alpha calls it.

Except if WMIH will bring something else to the table beside the NOL...~~~ We shall see.

At NSM pps of $18 and change, giving the exchange ratio then WMIH share should be 1.8-1.9 as somebody has calculated.

So because the stock will be WMIH and assuming that WMIH will bring nothing to the table beside the NOL then WMIH stock will trade slightly lower than 1.8.

But if there is something else then the sky is the limit :)