Replies to post #677933 on Mr Cooper Group Inc (COOP)

[SamuraiProgrammer]

Thanks for the information. I was wrong about only one brokerage house removing them. Good to know. :)

Today oddly has that feeling of when Rosen coordinated a takedown of the stock in Court.

I don't know why, but (as opposed to then) today I am experiencing an utter state of calm.

For whatever reason, this is not bothering me. I don't think we are seeing the big picture yet.

However, at the same time, I am looking at my COOP proceeds. I added some along, so the actual performance may vary from what I am about to describe.

Having said that, COOP (counting cost base of what I purchased and what I paid for Qs, Ps, and Ks is giving me an annualized return of around 30%.

Also, there are other transactions I would not have made except that I knew about the whole WMI -> WMIH -> COOP saga. They have performed well also:

When I retired and changed my 401K to an IRA, I invested in COOP. That is showing a 71% annualized return.

I invested in KKR as well because I was concerned that they would get a slice of the pie. That is showing a 44% annualized return.

I also held some JPM for the same reasons. I don't have those figures, but it was a profitable trade.

The bottom line is that even if nothing else comes (and I am NOT saying that it won't), investing in this BK was a good thing.

I still feel bad for those who were pre BK holders. They will need more to become whole.

Here's hoping!

[JusticeWillWin]

With escrows gone COOP will be the sole beneficiary IF (I repeat IF) something comes back from the WMI Chapter 11

I have xxx,xxx U and xxx P escrows (not removed yet), but as I said after the WMI-LT FAQ update on Jan. 10, unfortunately they will be gone by March 31 at the latest... and it seems like they started the deleteion today.

Today oddly has that feeling of when Rosen coordinated a takedown of the stock in Court.

Incidentally mine at Schwab have been removed but they show up in history transactions but it doesn’t say what the transaction is. It doesn’t say removed, redemption, etc. nothing it just shows the count and the cusip in trade history, as if something is still yet to happen. All other transactions are labeled and show whether they were deductions or contributions and oddly the escrows are just listed with no explanation up or down
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