Replies to post #506281 on Mr Cooper Group Inc (COOP)

[mattchew]

Obviously people do not understand the APR (Absolute Priority Rule)!!!!!!

What does Absolute mean?

[follow_me]

I guess that some of us don't know the difference between preferred and common shares.

I never understood why some believe that preferred and commons are on the same level with regards to investment when they are completely different in terms of seniority.

This is why I laugh at, "common gets everything nonsense" that some are promoting on this board when the court already stated that common will receive 25% and preferred receives 75%. Do the math..smh

Besides, there is NO CAPS on preferred, where there is for common share holders, which means that preferred could be worth many times its face value.