Mr Cooper Group Inc (COOP)

[jerrylev]

Dr A valuation is old and obsolete and based on the value of WAMU before the seizure. It has no more meaning after POR 7.

Nevertheless, face value for preferred has no meaning anymore because all stocks were canceled.

With the 75/25 split til the end, a return of merely $20B will give old P $2000 per share. I am not saying that the 75/25 split is fair to common but the rule was created and it is what it is.