Replies to post #533554 on Mr Cooper Group Inc (COOP)

[austin01]

Why not a 1 for 5 RS? Open it up to more funds and institutional buying at $5. Then get to $18 with good earnings. To me this 1 for 12 RS takes some pressure of the company to actually produce to raise the share price considerably.

[jerrylev]

Yes and no.

Today stock price is 1.5. 1.5 * 1.2 = 18 <-- I think that this is just a coincidence.

But the main goal is to reduce the number of shares to about 90M like NSM number of shares used to be.

1,100M / 12 = 91M.

The other goal is to allow comparison with the old NSM stock price.