COOP's book value increased to $62 now or somewhere in that range in Q1 due to a > $1 billion mark-up of their huge MSR portfolio in Q1 and the $225 million gain they will post because of their stake in Sagent.
This $62 are calculated with 74M O/S and does not consider a potential 5 to 6 million shares repurchase that could have happened up to now, and this $62does not consider a potential sale of XOME for $1 billion or more.
With both things (6 million buyback and the sale of XOME) COOP's book value COULD BE more around $80. And there are companies trading at a multiple of book value.
I hope COOP will start paying a dividend soon to stop this UNDERVALUED PPS!