Mr Cooper Group Inc (COOP)

[JusticeWillWin]

Summary about COOP's positive outlook from the earnings call

Here are some quotes from the earnings call transcript mentioning Q3 and Q4 and 2021

Earnings call transcript: https://www.fool.com/earnings/call-transcripts/2020/08/01/mr-cooper-group-inc-coop-q2-2020-earnings-call-tra.aspx

[...]
Volumes and margins have remained quite strong so far in July, and we are optimistic that originations will turn in another excellent performance in the third quarter.
[...]
To summarize, this was a great quarter for Mr. Cooper, and I feel very optimistic about the outlook for the second half and 2021.
[...]
Now we're expecting to sustain tangible book value growth through the remainder of this year and 2021 and for years to come.
[...]
As we look out to 2021, we feel very optimistic about the outlook for earnings, cash flow, and growth in tangible book value.
[...]
Looking ahead and based on July results and assuming no further change in interest rates, we're expecting fundings of roughly $14 billion in the third quarter.
[...]
Based on our current outlook, we'd expect further expansion in this ratio in the third quarter and we're optimistic about achieving our target during 2021.
[...]
But at this point, we don't see anything changing, strong, strong originations performance through well into 2021.
[...]
We expect strong results in the third quarter, although, likely moderating somewhat from the second-quarter levels.

COOP's BOD sounds very optimistic IMO

Additionally
==> the BOD said: "And finally, the DTA increased from a year ago, but that's primarily due to the release of the valuation allowance, which reflects the company's improved profitability. Now when we look at the stock price, we concluded that the market is too conservative about the rate at which we'll utilize the DTA, or it's not assigning enough value to zone, or doesn't believe we've achieved a sustainable balance between servicing originations. But we're confident that the stock is undervalued and it's going to appreciate significantly over time. So with that, I'll turn it back to Ken for Q&A." (transcript error: "zone" should be XOME)

==> the authorized $100 million stock repurchase program ==> https://www.businesswire.com/news/home/20200730005323/en/Mr.-Cooper-Group-Reports-Quarter-2020-Financial

==> $COOP's tangible book value increased to $21.42, see page 8, 10 and 20 ==> presentation for the earnings call http://investors.mrcoopergroup.com/Cache/IRCache/34c189f9-5d73-9442-e8da-b33d1832bd24.PDF?O=PDF&T=&Y=&D=&FID=34c189f9-5d73-9442-e8da-b33d1832bd24&iid=4401869

==> Pricing of Offering of $850 Million of Senior Notes with 5.5% to redeem $950 million with 8.125% to reduce debt and interest payable ==> see https://www.businesswire.com/news/home/20200803005799/en/Mr.-Cooper-Group-Announces-Pricing-Offering-850