Replies to post #716264 on Mr Cooper Group Inc (COOP)

[JusticeWillWin]

That's simply NOT TRUE, the BOUGHT BACK more than 25 million shares up to now, and increased their capacity again (for the 3rd time IMO) BY $200 million this time, so they can buy back ADDITIONAL 3.7 MILLION SHARES at the current PPS.

Why would COOP ever do something Bullish to protect their PPS ? They've announced quarter after quarter, years over year, that blah blah they keep authorizing share purchases....stock purchasing goals which never get completely met. And stock repurchase goals won't be met the higher the PPS goes. COOP is probably driving down its own stock, in relation to whatever minimum PPS threshold needs to be crossed. There is no incentive to protect the PPS if your goal is to buy it back.

It's always bothered me from day 1 how this stock wasn't supposed to trade initially, but it did. I can't help but wonder if all of WMIH/COOP's quarter after quarter flogging the 'buyback our shares because it's undervalued' pony is because it was over authorized / oversold to begin with...