Mr Cooper Group Inc (COOP)

[climberprof]

Enterprisinginvestor

Could you please explain your post?

Thanks
Climber

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"The public debt is trading at about a $1.8 billion discount to book value.

I reviewed Schedule F and looked up each security on FINRA. The percentages are eyeball values.

Senior debt - $4.1/$3.5 (85 percent)
Subordinated debt - $1.6/$1.0 (60)
Junior subordinated debt - $743 million/$170 million (23)

The strength particularly in senior debt this early in the process is not only amazing but also strange. This could all change on a dime. Delphi is a great example of what can happen if something goes terribly wrong. "