Mr Cooper Group Inc (COOP)

[Chiron]

We don't know. They claim 32 billion in assets, and 8 billion debt. Now according to this some of the assets are in the stock:

"Wednesday, October 1, 2008
WaMu’s assets could be worth less than originally disclosed
East Bay Business Times - by Kirsten Grind

The $32.9 billion in total assets Washington Mutual Inc. listed in its Chapter 11 bankruptcy filing could be much lower than originally disclosed because at least part of the assets are company stock that is now worth next to nothing."

Uh yea... we knew this already. Lets say they had 20 billion in stock. After paying off debts that leaves 4 billion in the coffers.

4 B / 1.7 OS = $2.35

Even if they only have 2 B left we're at $1.20 here...

When they say things like “it does not anticipate that there will be any recovery to the company for the common stock interest.” What they mean is that you won't see the $36 high here ever ever.

They consider a stock recovery to be over $5 to meet NYSE listing requirements.

And who knows what the bailout could help with?