Mr Cooper Group Inc (COOP)

[oniro3363]

On March 15 it was announced that COOP had sold Title365 for 500 million...

"Mr. Cooper Group expects to record an after-tax gain of approximately $350 million and receive cash proceeds net of transaction costs and cash taxes of approximately $400 million upon closing."

On that day, the stock peaked at 36.93...right after that day, started a steady decline....and we spent the next 4.5 months locked in between 31.78-34.91. Funny thing, if you average those two numbers you get 33.35. 33.25 is the price COOP paid for KKR's 11 Million shares. Approximate cost...400 million.

IMO,COOP sold Title365 to raise the cash needed to buy out KKR. Its definitely not a coincidence that the 3 years was up, and a day or two later the KKR announcement came.

Im glad KKR is gone, didn't like them having pull over COOP's decisions. HF are only it for themselves and their clients...can care less who's lives they ruin, as long as they make money. Look up Goodyear, and what happened to them in the mid 80's with Goldsmith...ended up selling off most of their subsidiaries to save themselves (I worked for GY for 22 years and was there as it all went done, very ugly)