Mr Cooper Group Inc (COOP)

[WithCatz]

mikeed -- no, I think you misread. Or I misstated. Let me try again.

What I was trying to convey was that the bankruptcy process did not return monies to {former} Equity (of WMI) -- and I thought it would.

Instead, former Equity got WMIH shares and became "new" Equity holders -- of which, the NOLs are the most valuable asset intrinsic to those shares. {And, it is highly unusual that Equity gets anything, including shares in the emergent company -- but whomever ends up with shares, frequently the NOLs are the most valuable asset of the new company}

Further, I went on to say that NOLs come with very specific IRS regulations and it was well-known that 2 years must pass before there is a significant loosening of the restrictions the BoD is operating under. We are approaching that timeframe in Q1/Q2 next year.

With that said, I remain interested in the stock -- just not the daily PPS swings. Even monthly ones. But that has no bearing on whether I participate here or not.

After spending 5 years as a retail investor -- I do find it hard to just "walk away" and ignore my holdings. So I do keep up with the saga. And comment accordingly.

...Catz