How about COOP just is not that interesting, known, exciting, sexy...
Its not AI, Big Tech, Pharma, Banking, EV, Crypto, hell... Its a boring ass Mortgage servicing company. Some people know where its origins are however, most do not have any idea. If they did, would they think the risk/reward of being a common COOP owner to have any special meaning?
Likely, the majority of Institutions buy it because its part of the big basket of stocks in an Index. Leon Cooperman knows what it is but he isn't out there pounding the buy button above what he has. We on the MB know but are mostly sitting on what we haven't sold, but really...how many COOP commercials have you seen? Kramer isn't interviewing J. Bray and screaming BUY-BUY-BUY!!! on CNBC.
COOP is one boring company. Its been a bad boy money maker from the $5 range up but outside the MB... not a lot of media play or mentioning on the financial shows...
Blackrock, Vanguard, State Street, Leon, Diamond Hill, they have some strong desire for our friend COOP but J. Bray is pounding that SELL button every month... and month after month. One might say oh well he is just trying to divest his large exposure and maybe that is true.
But why isn't there a line of investors clamoring to buy COOP? I think because there are lot more issues out there more enticing, more known, talked about, returning hefty $$$ to investors.
If you want to be the sexy girl at the party, then put on a dress and some makeup... don't stand against the wall talking about servicing a mortgage hoping someone will ask you to dance.
COOP should get an award for most likely to cause ED... LOL
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