Mr Cooper Group Inc (COOP)

[Polemarchos_Megas]

Just recall our history here:


sept 08 BK
march 09 lowest pps
dec 09 - mar 10 settlement speculation
delay examiner requested, denied, seal motion, delay by extension
july 10 examiner
Dec 10 1st conf
Jan 11 denied
wrap wrap
Mar 11 IT claim
may 11 to june 11 settlement talks with up to 3 delays for depos
july 11 2nd conf
sept 11 denied
oct 11 mediation
2 delays so far

my point is that the more delays the better for EC so far. Last time the delays of the depositions lead to a settlment that finally imploded, but was at least announced.

This time I expect one more delay max. No press announcement but in the end a settlement presented in court (whatever that's gonna look like)

And last but not least: Due to Rosen's statement that we have to exit BK as soon as possible in 2012, I think this time we will see a turbo confirmation hearing if a settlement is in place that everybody is ok with.