Replies to post #430442 on Mr Cooper Group Inc (COOP)

[dmceng]

investorhub123,

I guess it all boils down to the equity that in the holding company before and after WMI filed for BK. My opinion is around $160B per my DD. Using comparisons with other bank holding companies of its size, one quickly can see the quantity of non-banking subsidiaries and their asset value as related to the total value of the holding company per se. JPMC, BTW, is an excellent example as is Wells Fargo and others. They all have a ton of non-banking subs worth billions and billions.

And I think I may be a little conservative with the $160B which I am prone to be anyways since I am half Scottish(and half Irish).

The waterfall will dwarf Niagra,IMVVVVHO. Patience.

Take Care
David

[thony]

Exactly the reason why TD Bank was able to pay 30 Billion just for the East Coast branch network and deposits of WMB in Sept 2008, deposits are a liability, yes, but a deposit base of 188 Billion is a very valuable thing that can not be valued or bought for just 1% of it intrinsic value.

[bkshadow]

JPM didn't pay a premium for deposits...

...the P&AA is unlike the PR alternate example.

...that was a "loss-sharing" P&AA.

...quite different.

...JPM/WMB was essentially fixed price.

...hasn't changed since 2008.

...not challenged (the fixed amount) on argument by the creditors or equity; rather, equity argued that JPM got a $32B windfall from such "fixed price."

...some litigation about "liabilities," but not assets.

[boarddork]

Exactly. The 1% premium paid was earned and covered on JPM's new leverage deals faster than the champagne ran dry at Jaimie D's WAMU bank acquisition party!

LMAO when some say JPM got $300B in assets (mostly holding company assets) for $1.8B. ROTF!