Replies to post #684633 on Mr Cooper Group Inc (COOP)

[JusticeWillWin]

Why, COOP could now repurchase 6.26 million shares for $252 million (which is the capacity of the current repurchase program) at the current PPS. Each single share would become MORE VALUABLE when the O/S is reduced from 73.x million to 67.x million

But you are right, I also think declaring a dividend would be better to support a higher PPS and stop this manipulation with shorted shares...

IMO...Foolish decision by the BOD, their stock buy back program, hasn't done chit .

Would have been better off, using the money for something else more tangible, like buying another company, or as many have said, a dividend.

[BBANBOB]

Depends on just how ya look at this

"".Foolish decision by the BOD, their stock buy back program, hasn't done chit .""



IT has ALSO taken A LOT OF SHARES OFF THE TABLE that might MIGHT have to be bought out later at some time.

BIG MONEY has a 10,000 ft view of things AVG JOE normally can't see past I WANT IT NOW or his nose

[wamugold]

Its possible this stock is being shorted, valuation may have been too high but not sure I dont follow this stock anymore..

[stoxjock]

Probably they sold into the PPS move Up on their Stock Purchase actions...they'll be Ok with PPS falling now because I am sure they'll 'gift themselves' some more free Stock Options at a lower Strike price and then ride up the PPS, once they exercise, the Mgmt of COOP have been executing this Modus Operandi like Clockwork.

[StillHoping]

That usually is the case. It’s like burning money in a bonfire. If they had given a dividend it would have benefited the shareholders and attracted more buyers to this stock.