Mr Cooper Group Inc (COOP): Fiserv is owned by KKR. Fiserv owns S...

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Re: UpTickMeA$AP post# 679100

Wednesday, 02/16/2022 7:13:05 AM

Wednesday, February 16, 2022 7:13:05 AM

Fiserv is owned by KKR. Fiserv owns Sagent. So KKR shed its ownership of Coop, yet now has indirectly bought licensing rights to Coop's software. Sagent has not yet developed the contemplated "game changing" app/software. And sales, if any, are not expected till 2023. Yet the president Chris Marshall values Coop's stake in Sagent at 225 million and intends to book that value in this quarter. So out of thin air, book value increases.
What adverse event is expected in the first quarter that requires such desperation? Be careful people.

https://www.kkr.com/businesses/private-equity/kkr-portfolio

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