Replies to post #725501 on Mr Cooper Group Inc (COOP)

[BBANBOB]

Goodie
According to some they retired the shares, but they still have shares in TREASURY they can issue in their place..........Remember the TOTAL AUTHORIZED was originally 350 mill shares I think

Which is what I suspect they will do

[JusticeWillWin]

Exactly!

When a company buys back its own shares, it has several options for what to do with the repurchased stock:

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Retire the shares: The company can cancel the repurchased shares, effectively reducing the total number of outstanding shares. This is known as "retiring" the stock. Once retired, the shares cannot be reissued and have no financial value.
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Isn't THIS what COOP did with the shares they bought back?