Mr Cooper Group Inc (COOP)

[Billiam_2]

Refresher course: why the commons are a good buy.

1. A<L, just barely as reported by filings.

2. NOL's $20B (worth hard dollars at 28% tax rate, $7B), must have original equity owners in tact to be worth anything. If commons are cancled so are the NOL's.

3. Book value of WMI is $26B as recorded in filings. Typically damages are 3X book value if this goes all the way thru court.

4. Months of lawyer billing statements reflecting settlements and counter settlements. Latest statements are redacted. We must be close.

5. Just a measly $10B settlement (all of which could be simple dilution for JPM would result in $4/s for commons after paying off other classes of WAMU stock. Remember JPM would then get the $4.4B cash and the NOL's.

6. Diamonds $12/s is more probable. Remember in April of '08 WAMU turned down $8/s.

PEOPLE DON'T BE SCARED OUT OF YOUR STOCK. DO YOUR OWN DD AND BECOME CONVINCED. MM'S AND POSTERS HAVE AN AGENDA. BE FRIENDLY BUT DON'T MAKE FRIENDS ON A PUBLIC STOCK BOARD. DON'T SELL OR BUY BECAUSE SOMEONE YOU RESPECT IS TELLING YOU TO DO SO. BE YOUR OWN CAPTAIN.