Replies to post #689793 on Mr Cooper Group Inc (COOP)

[woodstock_guy25]

No when a company buys the shares they are REDUCING the total share count available to the market.

[redisnieurt]

I thought I said exactly the opposite of that. The shares are gone....forever....when there is a buyback. They dont keep them and hold them.

This about how a capital raise works. the company decides to issue new shares and sells them into the market and receives capital in exchange.

This is the opposite, the company uses capital to buy shares and retires them

[JusticeWillWin]

No, they bought the shares back and retired them, so every outstanding share owns then a bigger stake in the company and earnings per share should increase.

So COOP BOD purchased shares, not to retire them, but to release them back into the market? at a later date? for profit? or maybe gift the shares to the BOD? who then can turn around sell and make a killing?