Replies to post #722602 on Mr Cooper Group Inc (COOP)

[JusticeWillWin]

I know they did a 1:15 R/S. But when I said "COOP should have bought them at 4.72, and now they are at 29.90" this means "they should have bought them at 4.72 / 15 = 0.31 and now they are at 29.90 / 15 = 1.99", which is still cheap of course...

Pretty sure. They did a big one.

Once effective, the reverse stock split will reduce the number of shares of common stock issued and outstanding from approximately 130.0 million to approximately 8.7 million and will reduce the number of authorized shares from 200.0 million to approximately 13.3 million.

https://shareholders.ocwen.com/news-releases/news-release-details/ocwen-financial-announces-reverse-stock-split/#:~:text=The%20reverse%20stock%20split%20is,new%20CUSIP%20number%3A%20675746%20606.