Mr Cooper Group Inc (COOP)

[WaS]

I don't think in it's current state it is. If they go to court and WIN all of the money they believe they've got coming to them... sure why not.

Negotiations are a tricky thing. Typically a company in WMI's place is not going to have the leverage to demand anything and cal me crazy, but I don't see them nabbing too more than is mentioned in the lawsuit, even with all of the undeterminds.

I'd be more than happy to escalate my expectations once JPM reveals the assets they supposedly purchased. Once they've done that... and there's a tentative date set up for discovery relevant to the FDIC lawsuit, they would probably be in a position to demand more... to keep the dirty laundry hidden.

If negotiations are ongoing at this point in time, then I think WMI is in a position to accept less than if JPM has revealed the assets they purchased, simply because I expect once that's been done, Weil will bump the totals in the FDIC lawsuit and probably hit JPM with one as well.

But what the heck do I know?

And as much as I want to believe 12 dollars a share is realistic, at this point in time it seems like a heck of a stretch. Too many uncertainties for me to feel confident that kind of cash/stock dilution would be in play.

In another week... I could swing 180 degrees and think they're entitled to demand more than $12 a share.

And I'll be shocked to see a "buyout".

That's just my opinion.

I like being wrong when it's to my/our benefit... and many of you know far more than I do so if anyone is new here I hope you won't be discouraged by my comments. They're based PURELY on speculation.

"So you don't think WMI the holding company is worth 24 Bil? Why not?"