Replies to post #412468 on Mr Cooper Group Inc (COOP)

[UncleBo]

Upper,

I hear you, however, the two of the guys who founded KKR originally still run the company. Look them up, their legacy matters...to them that is, besides money.

In essesnse, we gave up half of the NOL value to them, since we did not have sufficient capital. In exchange they put in their own equity in WMIH and also their good name. Meaning if someone was to purchase bonds(debt) in conjuction with WMIH merger they would do it becasue KKR is in charge, they have a reasonably good track record for seeing through even the most challenging M/A activities. Are they perfect, of course not - this is where I see the risk, not in their ill intentions - IMHO.

Uncle Bo

[Large Green]

Upper, contrary to what some have thought, retail's vote has never REALLY meant anything regarding the actual power, who controlled what, when and now. The Creditors and power players have controlled from the onset and retail's vote now and into the future always has been and always will be a vote that in the bigger picture does not matter as is the case in most large public ally traded corporations.