Mr Cooper Group Inc (COOP)

[JusticeWillWin]

Will history repeat? Nationstar went straight to $58.50 in 2013, years before the merger with WMIH (former WMI, Washington Mutual Inc.) and renaming to Mr. Cooper Groop (COOP)

Nationstar had almost the same share structure and number of outstanding shares as COOP has, but they HAD NOT the $5.9 billion(!) NOLs Mr. Cooper has from the Washington Mutual Inc. bankruptcy.

And they had not the optimized business model and the digital infrastructure that COOP has today! And there was no "refinancing tsunami" caused by COVID-19, as in the last months!

I think many new investors don't know this! Applying a fair P/E (14, which is typical in the mortgage sector) to the expected EPS of COOP, and the PPS should be at $60+ IMO

Nationstar went straight from ~$13 to $58.50 (the dark blue chart, the other one is the 30 year rate...), and probably a rising mortgage rate in 2021 would be a booster...