Replies to post #536335 on Mr Cooper Group Inc (COOP)

[jerrylev]

Re: -It is allowable to recognize in aggregate those assets that had not been previously recognized, rather than individually.


So couple of possibilities:

- Nothing has been sold yet or only a small amount have been sold and the LT does not have to report until a good chunk have been sold

- There is nothing to sell and therefore nothing to report (unlikely)

Bottom line is that the trust cannot go on forever without reporting anything.

Of course, I don't want to hear that they have nothing to sell and therefore nothing to report. But it is amazing that they can keep this under wrap for 6 years.