Replies to post #656359 on Mr Cooper Group Inc (COOP)

[JusticeWillWin]

That doesn't make sense. COOP doesn't short itself to buy back its own shares. The BOD would not say COOP is undervalued and promote its stock. Instead they would silently buy back the shares. And as I said, they can only buy additional shares for a maximum of $3.8 million until end of July.

They have to wait until August 1st (otherwise they would put the NOLs at risk), but then they COULD buy back up to 50% of the outstanding shares, which is ~86,000,000 * 50% = 43,000,000(!) shares (if they have enough cash)

Your post:

How many shares is COOP short on itself to aid in these buybacks? KKR is an easy co-conspirator. The no-shorting agreement has long expired.

It is hard to buy back your own COOP shares in quantity when COOP is running to the moon. Motive.