Replies to post #103257 on Mr Cooper Group Inc fka COOP

[kuwlness]

I haven't researched it enough, was just following what this person said:


Posted by: UltF Date: Saturday, September 26, 2009 4:17:40 PM
In reply to: The Yogi who wrote msg# 103238 Post # of 103258

Yogi, you forgot some numbers:
Creditors get first 13 or so billion (maybe more with interest).
Preferred shares get next 3.5 to 4 billion (maybe more with dividends).



This is from their Bankrupcty filing as well: http://www.fdic.gov/bank/individual/failed/wamubalsheet.html

[Tatsu]

It is my understanding, based upon information and belief, that a lot of senior debts and obligations are not due until years from now. If WMI wins (regardless of the size of the award) there should be enough capital left over, after paying off short term debts and obligations, to push the value of common shares significantly higher. And there is also the $20 billion of NOL's that will help too!

Invest what you can afford to lose and GLTA!