Mr Cooper Group Inc (COOP)

[remmy]

Yep, either to regroup or, hopefully, have the weekend to offer another settlement as we discussed yesterday. If so, those not holding now might be too late to buy back in on Mon.

One other thing, I really liked the mirant example in court today. Stock went from .01 to $2-$3 at emergence. The creditors also claimed there was nothing of value with mirant at the time and tried to liquidate it. Some things never change. Judge didn't buy it back then and the commons got a home run. Maybe we'll see a repeat with wamuq?

By the way, I'll bet those who sold mirant at .11 were kinda depressed when they saw it trading a year later at $3. (Update: on 11/1/10 Mirant (MIR) was trading at $10.61/share when it merged with RRI Energy. Now that would be a happy ending.)