Mr Cooper Group Inc (COOP)

[JusticeWillWin]

COOP's book value increased to $62 now or somewhere in that range in Q1 due to a > $1 billion mark-up of their huge MSR portfolio in Q1 and the $225 million gain they will post because of their stake in Sagent.

This $62 are calculated with 74M O/S and does not consider a potential 5 to 6 million shares repurchase that could have happened up to now, and this $62 does not consider a potential sale of XOME for $1 billion or more.

With both things (6 million buyback and the sale of XOME) COOP's book value COULD BE more around $80. And there are companies trading at a multiple of book value.

I hope COOP will start paying a dividend soon to stop this UNDERVALUED PPS!

Your post:

If COOP buys back another $10 mil shares AND their TBV improves to around $4.3 B... then, the per share price should be in the low $70's. Seems to me the TBV should (should) rise to at least this level (IMO)... not sure about the buybacks...


EDIT... buy back 20 mil shares and the share price improves to $86. I say buy a large barge of shares back.



AIMHO, STRIKE