Mr Cooper Group Inc (COOP)

[JusticeWillWin]

Starting with 08/01/2021, COOP can buy back 50% of the outstanding shares

COOP already bought back shares for ~$206 million (Q3 2020, Q4 2020 and Q1 2021 combined)

There are $3.8 million left to buy back more shares until the 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 Q4 earnings call!

They have a lot of cash on hands, and the $500 million Title365 sale will add ~$400 million to COOP's balance sheet in in Q2, so they can start a more aggressive buyback on August 1.

And at the Q1 earnings call Chris Marshall (CFO) said:

[...]Those things all say the stock could be well into the '40s. So if we're sitting here with a lot of cash toward the end of the year and the stock that's trading where it is now, it seems to be a no-brainer that we want to buy back our shares in a much higher level just given where tangible book is.