Mr Cooper Group Inc (COOP)

[boarddork]

Where has COOP declared the result of their share buyback program has/is to permanently retire these shares? If they were retired, and/or the market valued these shares as permantly retired, then the PPS should be even higher than what JWW has calculated..ie far north of $200 PPS. The only plausible explanation for a stale PPS compared to where it should be trading north of $200, is if dilution is expected. The PPS has risen incrementally to $85 over the past year as shares have been increasingly repurchased by COOP over the last year. The only thing that explains a throttled PPS versus actual value, and despite COOP's share buyback, is that dilution is right around the corner - or at least the general market fears that. I think dilution is baked into the cake already - which is a good thing. If repurchased shares are ultimately redistributed as payment on principle of legacy assets (sans 15 years of interest) that are newly freed up as the receivership terminates, and if dilution is baked in the cake...then imo we should/would see a PPS much higher than it is now, once the market realizes what COOP just gained for its share re-distribution