Mr Cooper Group Inc (COOP): XOME spin-off on the way? Chris Marshall...

Reply Private New

Replies (3) Next 10 Prev Next

Send PM Follow Ignore

Followers	73
Posts	8835
Boards Moderated	0
Alias Born	06/05/2014

JusticeWillWin

Re: None

Friday, 04/29/2022 10:01:24 AM

Friday, April 29, 2022 10:01:24 AM

XOME spin-off on the way? Chris Marshall said:

As we think about the potential of Xome, we are not wavering in our commitment to our investors to realize the full value for this business. We regard the auction exchange as a world-class, fully digital business with huge revenue potential, and none of that is reflected in our stock price.

We're currently having initial conversations with bankers that advise us on monetization alternatives, and I look forward to giving you further updates next quarter.

From: https://www.fool.com/earnings/call-transcripts/2022/04/29/mr-cooper-group-inc-coop-q1-2022-earnings-call-tra/

Up to now they always said they want to sell XOME, but a spin-off would be a great opportunity for COOP shareholders when we receive new shares in XOME that have an initial value and could gain value independently!