Mr Cooper Group Inc (COOP)

[wcheng]

If you believe in the 75/25 thing.. then some of the posters on boardpost have mentioned the following breakdown:

Legacy preferred get $7.5B ($4B (TPS) + $3B (Ps) + $500MM (Ks)) for every $10B that comes in and that is 1X PAR - i.e. P's reach face of $1000 and K's reach $25

Legacy commons get $2.5B (for every $10B) which equates to $1.9 per old Q based on 1.2 billion Q's that released.

so say 2 PAR would be just under $4 per legacy common.. 4 PAR just under $8 per legacy common

anyhow, i'm just the messenger.. reposting what others have said.. don't shoot me! :)