Stated value has always been a point of great hope here with the idea that one day price will reflect value. Unfortunately it never has, so far anyway.
The other great hope has been escrows, that's the hope that keeps on disappointing. With endless twists and delays and complete lack of transparency by those in the know, the owners of escrows have yet to receive any significant returns despite 11 years of wait time.
My take: I'd jump for joy if escrows brought a windfall, but given history I feel it's unwise to actually expect it. Regarding COOP pps actually meeting value, again historically it doesn't look likely to happen soon.
The good news- Earnings are meeting or beating expectations. The company is growing in a strong and solid manner reflecting responsible leadership. Todays earning report is an example of all the right things that are happening with COOP.
My recommendations to new investors- COOP is a strong "buy". I believe it's safe to expect the pps of COOP to continue on its current upward path and to remain very competitive when compared to investment returns of stocks of other strong companies. I believe that only an economic downturn, which would negatively effect ALL stocks, could reverse the current trend.
The authors note: I will be buying more COOP stock increasing my holdings by 40% or more as funds provide. My only caution is that I absolutely DO expect an economic downturn in the next 1-2 years as the Fed seems to be artificially boosting the economy with rate cuts again and again.
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