Replies to post #103241 on Mr Cooper Group Inc fka COOP

[The Yogi]

$13.41 Corrected Value of WAMUQ.

UltF, you are correct in that I neglected to substract the approx. $4 billion for Preferred Shareholders. The amount for The Creditors, however, is already included in the -$1.4 Bill Negative WAMUQ Common Stock Holders’ Equity. Therefore, substracting $4 billion for Preferred Shareholders (not including dividends), leaves approx. $22.2 Billion for WAMUQ Common Shareholders divided by 1.7 billion of WAMUQ Common Shares = $13.06.

The CPA on our message board might want to check my numbers.

[survivor Spain]

Where do you get 13B+Prefs debt from?

As far as I know WMI's debt is 8B. Most of it very lng term debt (up to 2049). Only 1-1.5 was due in 2009. You are right about the prefs....this is about 3.5-3.7B (interest included)

Again, as far as I know - an maybe I missed something - the rest is WMB debt, and the WMB's debt holders are just trying to be a party in the Bk court to protect their interests ... just in case the outcome put their interest at risk.

Did I miss something relevant here?

Cheers.