Mr Cooper Group Inc (COOP)

[grandetourismo]

Exactly rockie,

On the surface it may look like a cut and run here, but IMO there is absolutely no reason to panic sell this stock, not yet at least and especially if you are upside down. Remember what you own here and how this company found itself in pinkie land in the first place. If this were a stinky pinkie from the get-go that found itself in BK, it would be a horse of a different color but keep in mind what exchange this stock was on just a few short months ago and what forces precipitated it's demise. Next, think in terms of what is currently going on behind the scenes and why. You can bet there is a whole lot of posturing going on in the financial markets with a lot of maneuvering in an effort to artificially undervalue this company. Why you ask? Why would someone want to keep the value down? Because there is a war of attrition going on in the financial markets and what we are seeing here is basically a hostile takeover in disguise. Right now it's basic survival time for WaMu and what's important is to simply stay under the radar, restructure and emerge from BK, with what's left of it's own skin. Once that has been accomplished, we will see a leaner, stronger company that has real shareholder value so there is no real reason to flaunt what they have.....not just yet anyway.

AIMHO

GT