Mr Cooper Group Inc (COOP)

[justnormal]

Hello
$10.35 target price !

The KKR deal provides WMIH with significant capital to acquire a big business. The NOL makes WMIH a very attractive acquisition target, assuming a suitor is interested in purchasing WMIH just for the NOLS. The value of the WMIH'S NOLS is the amount of tax payments they can shield. With a 35% Tax Rate in the US, the NOLS are worth $2.09 billion or $10.35 per share. With KKR now holding a large percentage of the outstanding shares of WMIH, they can help WMIH realize the total value of the company by using the NOLS,and making a blockbuster acquisition that they have done many times. We would think that before such an investment was made by KKR they already have the target in mind. We are getting into WMIH early in the game. These type of programs take a long time to carry out but we think your patience will be rewarded and the shares could appreciate 100% before 2014 is over and more in future years depending on how things unfold.

Technical Analysis by Harry Boxer (TheTechTrader.com)
See you next year
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