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$100 million stock repurchase ongoing, restrictions lifted on 08

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JusticeWillWin   Friday, 03/26/21 03:31:42 PM
Re: None
Post # of 664459 
$100 million stock repurchase ongoing, restrictions lifted on 08/01/2021

COOP already bought back 2.6 million shares for $57.3 million (Q3 and Q4 combined)

So there are still $42.7 million left to buy back more shares until end of July!

From August 1st, NOL restrictions will be lifted and COOP can buy back up to 50% of the outstanding shares according to the earnings call!

They have a lot of cash on hands, and the $500 million Title365 sale will add ~$4.47/share in Q2!

======> JUST MY PERSONAL OPINION, NO INVESTMENT ADVICE!
======> I am long COOP, FNMA, FMCC
======> #ShareholderRightsMatter

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