Mr Cooper Group Inc fka COOP

[climberprof]

Johny

Thank you. This is a good DD post.

" ....."Those efforts moved forward yesterday when private equity firm TPG (formerly called Texas Pacific Group), which led a $7bn capital infusion into WaMu in April, let drop a provision that provided downside protection to its investment."
http://www.wealth-bulletin.com/home/content/2451865128/
They willfully gave up their "protected" status
a while ago. ......"

It looks like TPG did drop their protected status a while ago and if there is no other agreements between TPG and WMI protecting their investments, then this is good news for us and bad for TPG.

This is a one reason to sleep little better tonight.

On your second comment, I do not think that TPG will sell their shares even if they get the permission from the court. Their $7B investment shoul be around only couple hundred million dollors. (If they bought at $8 pps then is the pps is $0.20 now, their investment is reduced to only $175M.) Also think about what happens to pps if you try to dump 200 million shares. I do not think that they will do this. AIMO.

Best
Climber