Replies to post #637699 on Mr Cooper Group Inc (COOP)

[JusticeWillWin]

"[...] if there is a change in the administration that results in higher corporate taxes, then you should expect a very significant write-up in the value of the DTA

Quote above from the earnings call: https://www.fool.com/earnings/call-transcripts/2020/10/30/mr-cooper-group-inc-coop-q3-2020-earnings-call-tra/

My calculation:

If Biden wins he wants to increase the corporate tax rate from 21% to 28%, which increases the value of COOP's DTA by $413 million!

That alone is $4.48 PER SHARE!

[tzebedee]

Hmmmmm., Thanks , Justice! Those statements lead me to believe we're on the cusp of resolve with this story and old IMO.. He seemed very forward looking, optimistic and open to an extent that he could??..just saying. Ya can't coach a game without starting it. My assumption is the pressure to perform is growing. ?? Makes no sense otherwise we are and they are holding back in a big opportunitymarket. IMO

[lodas]

JWW....if the CEO of coop does not know why the market is not valuing coop stock higher, then how are we to know???...AZ Cowboy has said that "coop was the tell", by which he believes that when Wmih, trading as coop files a consolidated earnings, the true worth of coop will be known from all the assets now resting in Safe Harbor are brought onto the books.... now, why doesn't J Bray just come out and say, simply that those assets will be revealed during the February 28 CC...?it would be a perfect opportunity to bring this mess to a close once and for all......but is Bray clueless of this, or just maybe those off book assets don't exist?.....surely if Bray wanted the true price of coop to be reflected on Wall Street, he would just come out and say it....everyone on this board, and other message boards, as well as the 89% of the institutions and insiders THINK THAT THERE ARE SAFE HARBOR ASSETS SOMEWHERE IF NOT IN TRUST....what I have a problem with Bray's statement is that he is either hedging his knowledge of SH assets that will come onto coops books, or there aren't any SH assets out there...IMO, if there are SH assets, they will not return to escrows holders, but will be used for corporate uses, as they are classified as equity... remember, under Chapter 11 reorganization, assets belong to shareholders but utilized by the corporate entity, and used as such practice to further the growth of the company...so, in conclusion...J Bray will not announce any consolidated balance sheet for Wmih at the shareholders meeting coming up on the 28th Feb.....JMO only, guys, defined from Brays own assertion why Wall Street does not value the stock higher..... Lodas

[tzebedee]

Interesting, on the Xome value and lack thereof still, of a multiple