Replies to post #38485 on Mr Cooper Group Inc (COOP)

[hard ball]

Post from Yahoo Board

I hold WAMPQ and WAHUQ.

Out of those I am starting to favor WAHUQ because of 3 things.

1. It trades on the OTC BB not pinksheets (Higher quality exchange with more rules; follow the money)

2. It's subordinate unsecured debt to WaMu (It's paid first before any preferred or common shares)

3. I think it will comeback in any scenario ( JPM buys WAMU holding, debt instrument price would firm up because JPM would assume all liabilities or if WAMU goes into liquidation its price would also firm up because the assets should be enough to at a minimum, pay all the debt or if we go into reorganization, the company will be viewed as stronger and more able to pay debt which would firm up the price)

Sounds pretty sound to me!!!

[Jean01234]

oh yes i have 10k waiting at 0.03 if wamuq see 0.03..
any problem??