Replies to post #732219 on Mr Cooper Group Inc (COOP)

[johnlconfer]

Yes Mad COOP is over leveraged and the Analysts get real nervous when new assets show up on the balance sheet without being paid for!

Semper Fi

[JusticeWillWin]

The recent 8-K was a GOOD MOVE for COOP.

From: https://www.businesswire.com/news/home/20240729441839/en/Mr.-Cooper-Group-Inc.-Announces-Pricing-of-Offering-of-750-Million-of-Senior-Notes

The offering is expected to close on or around August 1, 2024, subject to customary closing conditions. It is expected that the net proceeds of the offering will be used to repay a portion of the amounts outstanding under Mr. Cooper’s MSR facilities.

The Market didn’t like the recent 8K Filing. My opinion.

[jhdf51]

Yes and I don’t know why? They are a financial company and they floated this because they can probably make more internally. Seems like a smart money management decision but now who knows.

JHD