Mr Cooper Group Inc (COOP)

[DrDebit]

To respond to several of your points -

IMO
1) Arrogance sometimes gets the best of the big boys - they may simply feel that they can buy their way out of any problems that arise. And to JPM this is so small that is would be like getting a hand slapped for being caught in the cookie jar. To JPM the reward looks sweet - the risk would just sting a little.

2) Your average broker comment seems to assume that the average broker is highly knowledgeable about this case. I do not believe that to be true. Most brokers only know that investing in bankrupt companies is a crap shoot -- end of due diligence. So there are not that many "watching" this case. Furthermore, 99% of the time they are right. Bankrupt companies' equity is usually worthless because A really is < L. But 2008 was a special time making this a special case.

3) You are probably right that the price hovers at $.17 perhaps because the big money is waiting. So what? I'd love to know how many shares simply won't be offered until the pps gets to say $5. As many have stated, when the big money finally decides to jump in, the price will likely move very rapidly. Would you sell at $2, $4, maybe $6 before an official settlement is announced and trading is halted? I'm not sure what I might do -- or at what price I might do it. I'm kind of hoping that trading is halted before the price begins to move -- then I don't have to face that decision. LOL

DrDebit