Mr Cooper Group Inc (COOP)

[jerrylev]

Without being a psychic, I can tell that Jay Bray is a straight shooter. So he used to his stock being traded on NYSE and it was an $18 dollar stock. Now he has a dollar something stock that trades on the small Nasdaq and it has a funny name, WMI / WAMU something. He merged with it only because of the NOL and KKR.

So his first order of business is to change the name of the company back to Cooper Mortgage because it has nothing to do with the old WAMU.

Then the stock price bothers him and so he wants to do an R/S to fix it. He doesn't care about the consequences if there are any. He only cares about growing the company and developing the technology. Have you guys heard NSM execs talking during the earnings cc? It's very terse and unappealing. These guys only talk about numbers.

In his first PR, Jay Bray even mixed up and said on the first line that the merger was complete and on the second line he talked about the acquisition.

Like it or not, this is a no frill, no BS kind of CEO and his staff is the same. Whether you like him or not, he is who he is. Personally, I don't care. As long as the company will grow and it will, that's all I care.