Mr Cooper Group Inc (COOP)

[DudeBug]

From the article: Kevin Starke, an analyst at CRT Capital who has been following the proceedings closely, wrote in a research note Thursday that the news is positive for all securities issued by Washington Mutual's operating company and its holding company. Starke and others have been skeptical about the likelihood of a recovery in common shares, and Starke says his skepticism continues despite the positive news. Instead, he recommends senior bonds issued by WaMu's operating company, which were trading at about 43 cents on the dollar Wednesday.


You say the WAMU operating company bonds are the same as the WMB bonds?

Confusing statement on Freed's part since he mentions the WAMUQs in the sentence before he mentions the bond price.