Replies to post #516830 on Mr Cooper Group Inc (COOP)

[creyno58]

Sounds to me like they have a Kmart type of plan. Who would have expected anything less?

[wowalters]

What's missing? $$$$$$$$$$$$$$$

[JusticeWillWin]

Fortress wanted to sell Nationstar since October 2017

https://seekingalpha.com/news/3305837-nationstar-mortgage-considering-sale-bloomberg

KKR & SOFT BANK (Two players teaming up)

The more I think about this merger the more perplexed I am in regards of how NATIONSTAR a leader in their industry sells for a minority stake of 36% to WMIH a shell with 4 employees that regains 64% of the new company. I mean Nationstar has 7600 employees...services a massive amount of mortgages & suddently they decide to sell the Business?

KKR & SOFTBANK must have something extremely solid on each side to decide to team up... but in our case WMIH & KKR must have something else other than $6 Billion in NOLs (1.2 Billion value) over the course of years to have convinced FORTRESS to give in their majority.

What do you guys think? are we missing something?

[katekir1234]

Yes,you're missing the most important piece:doing business to make a profit.Did you look at the earnings last couple of years.Then you also understand why most banks saw their stock run these same last years and NSM did run from 18 to 18 these last years.So you're missing something yes.