LG, I'm also really hopeful Coop's earnings next week will shed some light. If WMIH/Coop is to receive any sort of financial benefit from the closing of the bk, they would be required to disclose it in a forward looking statement in the upcoming earnings. I believe the reason we have not heard anything is because they are in a quiet period before the earnings.
I think AZ might be right with regards to the NOLs. Maybe the NOLs might go away. They have been booked as a $1B asset on Coop balance (valued at 18% tax rate)...and yet they havent used any even though Coop tax rate was 22.5% last quarter...why?
Also, the stock price is undervalued by at least $1B based on current book value...so why? Apparently the market has discounted the value of the NOLs to zero. It doesnt believe they will be used.
So we'll see. One way or another I believe we will find out this earnings.
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