Replies to post #532863 on Mr Cooper Group Inc fka COOP

[soundincrest]

JW I agree

[BBANBOB]

JWW

DO you remember Bray stating that this merger ALTHOUGH it closed still has something left for it to be done and over and complete.

I remembered him commenting on it would be COMPLETE mid August!

Or am I nuts

The market cap stuff is pretty darn strange as it is a simple math thingy and should all be taken care of by now

[jerrylev]

Re: I don't know why it takes so long to update the share count to the new/correct value...

I think I know why. While it is easy to update the number of shares and market cap, it is not possible to update the earnings which will result in an astronomical number if not updated correctly.

Let say if company A has X earnings.

Company B has Y earnings.

Does the merger of A & B have X + Y earnings? Not necessarily. Sometimes it is X + Y + some delta and sometimes it is X + Y - delta and the delta can be a huge number if it is a bad merger.

In the cases of WMIH and NSM, WMIH has tiny earnings or negative earnings while NSM has bigger earnings. So which earning number to use? We cannot use the sum, nor use the earning of just one company.

So I think there is no update to financial data until the next quarter earning report which will be the first joint earnings.

And I have calculated that the merger of NSM + WMIH is not dilutive and the PE will be the same as NSM's or lower and the forward PE is only 5 or half NSM's.

[wamugold]

I think the optimists here would say they want to hold the price low for the S4V event and hedgies are furious S4V has not happened yet. LOL

Quote:
Correct WMIH Market Cap is $1.6 billion (1.117 shares x $1.44 current PPS)

I don't know why it takes so long to update the share count to the new/correct value...