Mr Cooper Group Inc (COOP)

[eighty]

reposted from yahoo, may
be radium/claw can comment

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/threadview?m=tm&bn=86316&tid=963042&mid=963116&tof=7&frt=1

Royal, you can have retained earnings without the cash that made up those earnings because some outflows reduce REs and some do not. In the world of accounting and in the case of wmi the money is surely gone but the REs can remain. So, it is not cash but an accounting entry that is intriguing due to its enormity. I think RE's can be bought and sold without buying the company with it and it would be like buying a tax loss where you could shelter the $20Bil, without ownership change challenges, which comes back to the 35% times the 20Bil = $7Bil. and discounted by 20% = $5.6Bil or discounted by 30% = $4.9Bil. for approx. market values. AIMHO.
I had experience with RE's but it was a long time ago and laws may have changed. But there must be some reason they are listed since there is likely no cash and back in the day they had a commodity like value.