Mr Cooper Group Inc (COOP)

[jerrylev]

HM, I never owned a stock that did a R/S because I normally don't buy this kind of stock. I also never owned a stock that did a merger, and a dollar stock with 200M market cap merging with an 18 dollar stock with 2B market cap. I understand the reason and this has nothing to do with WAMU legacy asset and we know this.

I owned WMIH simply because I got it at distribution in 2012 and since then I made exception and played with this dollar and sometime penny stock and it may turn out to be my best investment of all, who knows. I also never dealt with bankruptcy stock and never want to. But just like fate played into me, I was in a different stock and a guy kept talking about a stock called WAMU which leads me to buy the first shares in 2011 and substantially more after POR 7 was signed in 2012. All of this lead me into this WMIH stock or I would not touch it with a ten foot pole.

Having said all of the above, I don't wish an R/S to happen but since the CEO and major shareholders want it then it becomes a done deal and I accept it and move on.

Beside the R/S decision and the name changing to COOP, I have not seen any dumb or crooked plan from this company or I will sell all of my shares in a heartbeat and never look back again. And so an R/S is not something that I wish to see but there is nothing else that changes my view of this company <at this moment>. But tomorrow or next week, next month, next year, it may be different, who knows? I will deal when that happens but I cannot keep worrying about nothing.

And for example of company that does not want to split despite its share price is in the moon, look at BRKA. Mr Warren Buffet and shareholders want to keep small people out of their stock.