Mr Cooper Group Inc (COOP)

[DarkB4Dawn]

1 WAMU common = 0.03349842 of WMIH share. When WMIH was issued, it was at an "assumed" $1
1 WMIH/COOP R/S 12-to-1, so although the stock went up and down, the $1 issued would be theoretically be divided by 12, but in reality, you now had 12 WMIH shares = 1 adjusted COOP share. Everyone's cost basis in Washington Mutual shares determines the value in their current COOP shares. So although one example may be .18 cents, a more correct version might be:
1000 Washington mutual shares at a price of $10 = $10,000 cost basis
1000 * by 0.03349842 = 33.49842 WMIH divided by 12 = 2.791535 shares of COOP. However, partial shares were not issued
so actually, 1000 * by 0.03349842 = 33 shares of WMIH divided by 12 = 2 shares of COOP = ~$148. So unless you bought the hell out of WAMU when it was trading on the pinks in the pennies...., or WMIH when it was trading well under a buck, it was painful. If you took the risk and piled in, you probably made 10 to 13 bagger like several on this board, so far...

But as one person puts it:
As In Baseball...
"It's true, of course, that, in the long run, the scoreboard for investment decisions is market price. But prices will be determined by future earning. In investing, just as in baseball, to put runs on the scoreboard one must watch the playing field, not the scoreboard."
-Warren Buffett, Feb. 28,1992