Mr Cooper Group Inc (COOP)

[grandetourismo]

Agreed dnoto. 4B keeps WaMu oily.

And what he said....

Posted by: savy Date: Sunday, May 31, 2009 8:55:19 AM
In reply to: JayTheRipper who wrote msg# 74510 Post # of 74517
Im not banking on a buyout so the NOL value to WAMU
has got to be valuable to them. Extrememly valuable.
Mabey not so much to another company Im no expert in that but it just makes common sense that 20 bill in write off's is worth at least 10 billion to your bottom line if they pay in the top tax bracket which Im sure the company does. Plus we are talking about it in context as to why they wouldnt cancell the common shares. TPG owns over 200 million of them. They got the shaft harder than any one single investor. Why would they cancell them and screw themselves. Either a buy out will happen or they emerge strong. There is no bad scenario here in my opinion. We'll se sooner than we think.