Replies to post #47876 on Mr Cooper Group Inc (COOP)

[traderob]

This could be a major play. Keeping the A/V close in number.
Big plan is to play the assets down,keeping them low. Because of the possible buyout/meger/whatever. The new company comes in and buys it cheap. Then all of the sudden, quess what the stocks flys upwards. The new company wants you to BUY their new company shares.

Hey, have you ever been though a divorce.... and you list the assests vs. the liabilities. The wife finds out that you filed with the courts that you have a 1965 Buick in bad repair and your bank account is now 0.4 cents. And you have no known assets that you recall.... And you lost you Vice-Presidents job at the major bank of 23-years making $195.000 a year. Woe is me...... Get the picture !

[bman007]

There will be nothing for shareholders, period!!! If there was, trust me, the wall street crowd would be buying WAMUQs and they are not. Wait for a bounce and exit is my recommendation. I own ZERO WAMUQs, thought about it but after looking at liabilities verus assets decided not to. Yes, it is true to paymen of liabilities can be stretched out but preferreds will get taken care of first and the rest will be wasted on attorneys by WAMI as they desperately try to get back the bank. Ain't gonna happen. Yes, WAMU was screwed, WELCOME TO AMERICA!!!!! : )