Mr Cooper Group Inc (COOP)

[WithCatz]

I concur in the sequence. We would see some 'valuation' coming from the Examiner first. But I maintain, as I have said in other posts, that 'valuation' means different things to different people.

The 'valuation' asked from the Examiner I expect NOT to make several people happy as their expectation of 'valuation' will different from the Examiner's. And further still, I expect what would be needed for a competing POR would be further still a different form of 'valuation'.

So, my expectation is that Solomon wants to sanity check their working POR-styled valuation, and will use WMI's Blackstone POR valuation to help fill in the gaps, and certainly - as you note - also pull from the Examiner's valuation.

I footnote again, because we're not far from Nov 1st, that I expect at least some, if not huge, quantities of people going crazy about the Examiner's valuation because -- in their minds -- they didn't get to see what they wanted to see. Cries of "the Examiner's valuation was worthless", etc will echo. IMHO.

And it WON'T be worthless. It just won't be what some folks want, or more specifically think they will be getting to see.

...Catz