Mr Cooper Group Inc (COOP)

[dannoninvest]

there you are completely wrong that preferreds have to be paid in full for commons get anything. that is not at all the case in ch. 11. maybe ch.7 So you are also saying that jpm and the fdic can royally screw wamu and pay the preferreds what 4 billionish at full face value and save billions upon billions by not paying money owed to commons. Just for the simple reason that wamu was stolen would insure that commons get paid. This is unfounded that you would make such a claim. commons are not restricted in value. not saying we will get $28 per share, but without a doubt I can say any offer to commons will atleast be $8 a share. They were over $12 when that offer was made. And that was a 33% haircut there. can anyone name any company that was bought out and the price paid for them was less than their current stock price? Or if the cash and stock swap did not equal the company being bought stock price. As far as my research, companies that are bought out usually get paid more than what they are trading at.