Replies to post #727382 on Mr Cooper Group Inc (COOP)

[lodas]

your opinion and 5 dollars will buy you a cup of "joe" at Starbucks.... read the amended POR 7, page 96.... you are not a shareholder anymore with any rights to WAMU/WMI when you signed a release.....you need to put up some qualifications to your opinion with some links to documents, else , go ride your bike in the desert... Lodas

[goodietime]

From Perplexity AI:
Q:
The company, symbol COOP, bought back approx. 36 million shares. What happed to the shares that were bought? Were the retired and not in existence any more? Or, are they being held by the Company?

A:
Based on the search results provided, it appears that the shares bought back by Mr. Cooper Group (COOP) were retired and no longer in existence:
The key evidence is from the first search result, which states:
"Furthermore, I'm very pleased to announce that our board has approved increasing the repurchase authorization by another $200 million. The strong buybacks the company is doing is a key point as to why I think they are in a great position to offer value to shareholders, which brings us to a cumulative 31% of shares repurchased since inception."
This indicates that the shares bought back by COOP were retired, as the article mentions the "cumulative 31% of shares repurchased since inception." The shares were not held by the company, but rather permanently removed from the total outstanding shares.
The article also notes that the company's board approved an additional $200 million for further share repurchases, suggesting the previous buybacks resulted in the shares being retired rather than held by the company.
In summary, the search results indicate that the shares bought back by Mr. Cooper Group (COOP) were retired and no longer in existence, rather than being held by the company.

More:

Based on the search results provided, the key differences between retired shares and treasury (held) shares are:
Ownership and Reissuance:
Retired shares are permanently canceled and removed from the company's outstanding shares. They cannot be reissued or resold in the future.
Treasury shares are still owned by the company and can be reissued or resold at a later date. They remain on the company's balance sheet as an asset.
Impact on Outstanding Shares:
Retired shares permanently reduce the total number of outstanding shares, as they are canceled.
Treasury shares do not reduce the total number of outstanding shares, as the company still owns them.
Financial Reporting:
Retired shares are removed from the company's balance sheet and no longer have any financial value.
Treasury shares are reported as a contra-equity account on the balance sheet, reducing the total shareholders' equity.
Dividends and Voting Rights:
Retired shares do not receive dividends and have no voting rights, as they no longer represent ownership in the company.
Treasury shares also do not receive dividends and have no voting rights while held by the company.
In summary, the key difference is that retired shares are permanently canceled and removed from the company's outstanding shares, while treasury shares are still owned by the company and can be reissued in the future. Retiring shares reduces the total outstanding shares, while holding shares as treasury does not.

[jhdf51]

Well, that may or may not be, but I’m just happy the stock is doing what it should be doing and it is and will be such a wonderful investment for those that held many many dollars to come..

JHD

[PickStocks]

Until then coop is still moving forward as coop is the tell… sorry you sold at 50.00 and per your statement coop no longer matter….even if it dropped it will pop again…..