Replies to post #61124 on Mr Cooper Group Inc fka COOP

[Desperado90]

IMO, this is my outlook. They are trying to recover $6.5B invested in the Bank, $4B in preferred and $3B in tax refunds and some change.

If they get all these back, that pays off $7.7B in liabilities.

So we are left with $5.8B + $4.4B in CASH + 2B (if they sold everything they own) = $12.2B.

$3.5B will payoff Preferred in Full.
$8.7B is left for commons and other liquidation costs.

Here is why am cashing out some of 401K to load up some more. If on the 31st of March, JPM dares to state what they bought from the FDIC and it includes the entire bank deposits, 2200 branches and 2 credit card businesses + NOL then they have committed legal suicide. They will have to provide the court with the $ value. If the $ value is more than $1.9, you will see someone buy 500Ps and 500Hs shares if they are still below $10.

GLTY. This is not your typical pink. There's no dilution going on and there's no pumping PR from some funny CEO, its not a pump and dump scheme. We are talking about the "Biggest Savings and Loans in US History".