Mr Cooper Group Inc fka COOP

[cents2ks]

"Those who held bonds and preferreds before the seizure want to be compensated. Those who held the common before the seizure want to be compensated."

Those who held (past tense) pre-seize and want to be compensated shouldn't have thrown their paper on floor before the end of 2008 just to get the write-off...

Those who threw their paper on the floor deserve nothing unless they picked it back up...

Contractor, I'm not in complete disagreement with what Mordicai says in that post. It is just the principal of the matter, when Investing in securities the investor should "know when to hold 'em and know when to fold 'em"

With that in mind, I'd say tossing 'em on the floor for .02 to get the loss last year was a great move. No one knows yet whether picking 'em up 'long' is a good, great, or awful move. That's the game we're playing. We all KNOW laws were broken, a Solvent 300B bank was 'sold' for 1.9B. If some pre-seizer is to shortsighted to see they were robbed, and sells their INTEREST to me for .02...
...Their loss, MY GAIN...