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Correct, COOP already converted most of the NOLs

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JusticeWillWin   Thursday, 08/05/21 02:45:41 AM
Re: hotmeat post# 665430
Post # of 669811 
Correct, COOP already converted most of the NOLs to DTAs that never expire.

They already said in the Q4 2020 call:
https://www.fool.com/earnings/call-transcripts/2021/02/23/mr-cooper-group-inc-coop-q4-2020-earnings-call-tra/

Quote:
I'd add that due to the tax planning strategies we put in place, the composition of the DTA is changing. We've converted roughly 1/3 of the DTA from NOLs associated with the WMIH merger, which have expiration dates to ordinary NOLs, which never expire, and that conversion will continue over the next two years or so.



And in the Q1 2021 call
https://www.fool.com/earnings/call-transcripts/2021/04/30/mr-cooper-group-inc-coop-q1-2021-earnings-call-tra/

Quote:
We wouldn't do an acquisition just to accelerate the use of the DTA. We think now that we have been actively converting the DTA from an NOL to temporary difference DTA, what we've done is-and we expect that to be completed even faster than we thought, probably by the end of this year. So, that will lock in a permanent asset for us and while we'd love to use it as quickly as possible and convert it to cash, outside of looking at opportunities to optimize profitability in the company, we don't have any special plan to just try to accelerate that.



And in the latest Q2 2021 call:
https://www.fool.com/earnings/call-transcripts/2021/07/30/mr-cooper-group-inc-coop-q2-2021-earnings-call-tra/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
Quote:
As a reminder, most of the DTA, in fact, is only a small piece that remains as NOL, but the restrictions really are behind us now.



Your post:
Quote:
So the NOLS only make up a small part of COOP's Deferred Tax Assets??? Am I reading that point right???



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

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