Mr Cooper Group Inc (COOP)

[kirby96]

This mornings trading makes perfect sense.

The KKR deal was 'very likely' before today, so was basically priced in but slightly discounted to account for the small risk it would fall apart.

Jump at the open as some folks think this is a game change when in reality it is simply same story as yesterday with a small amount of uncertainty cleared up. Now back to the level that represents how the market priced the risk of the deal falling apart. Basically we got paid about 15 cents for absorbing that risk the past few weeks.