Replies to post #431742 on Mr Cooper Group Inc fka COOP

[Yanik]

Thank you and it was a nice surprise in the mailbox today. I did in fact invest in the piers at a very nice price point which has thus far paid off well. Yes the vast majority though was in in the Common and both pref classes. It is nice though to get a good return on those piers and to actually realize those gains even if its been a long time coming.

As for the P's, K's and common holdings. I guess we will see how the whole tax returns, cash reserves and claims reserves situation pans out in terms of further waterfall movement. I hope the employee claims are settled for a pittance or a small payoff, but who knows. They did set aside a large chunck of money in reserve so I hope they can end up keeping as much of it as possible flowing to equity in the end.

Yup I agree and I will keep pounding the drums of until we see a material event with WMIH everything else is just static noise. The board of directors have a responsibility to do whats best for WMIH going forward and if they need to be silent until such time as to finalize a deal then that is ok with me. It is not the job of the BOD to hold the hand of any nervous person. Again until material events regarding M&A activity everything else is just noise on here.

Thanks for your kind words. It has been a tough road, but I am feeling a bit better. Been in and out of the hospital 18 times this past year. Luckily i have been more mobile and feeling a lot better. I never thought at such a young age that I would befall such suffering post op from a surgery, but i guess thats life isnt it.

Ok back to lurking. All in my opinion of course.

[nranger]

" like the fact that I have shares sitting from a bankruptcy, that it looked like we were going to be wiped out from."

Also known as "We're lucky not to be zeroed out" or 'it's better than nothing.'

These shares are slowly becoming worthless. Instead of being critical of this highly mismanaged company you applaud the 'PIERS performance. You always say 'its about wmih' but it doesn't bother you that that in a full year the PPS has gone down, the bod is stealing 100K's of shares, they collect million dollar salaries, there's no sign of M+A, the timetable stretches to 2018, no communication with us - and you're living on the fumes of PR's- 'acquisition vehicle', we'll be a SPAC to get on the nasdaq, $5 last year, KKR is the merger expert.
This is not a bankruptcy stock (Q). Its a trading company. The chart is a nightmare (not including the artificial .40 'start' point.) We're supposed to be happy with this non-growing company. The PEIRS have nothing to do with it. You're very generous. Oh, I forgot - we're lucky to be here at all, so as bad as things get with WMIH we are lucky, so just accept it.