Replies to post #108423 on Mr Cooper Group Inc (COOP)

[Bizreader]

TPG is eagerly awaiting any possible rise in their hundreds of thousands of shares in WAMUQ as are tens of thousands of other stock holders.

The BK court has the reins on this bad boy now.

Volume today was nice.

"What if"scenarios are just about exhausted on the future of WAMUQ for the time being. That's why continued speculation about the down side seems lame.

But, my "what if" is... what if WMI emerges from BK with all commons in tact!?

[climberprof]

Johny

Thank you. This is a good DD post.

" ....."Those efforts moved forward yesterday when private equity firm TPG (formerly called Texas Pacific Group), which led a $7bn capital infusion into WaMu in April, let drop a provision that provided downside protection to its investment."
http://www.wealth-bulletin.com/home/content/2451865128/
They willfully gave up their "protected" status
a while ago. ......"

It looks like TPG did drop their protected status a while ago and if there is no other agreements between TPG and WMI protecting their investments, then this is good news for us and bad for TPG.

This is a one reason to sleep little better tonight.

On your second comment, I do not think that TPG will sell their shares even if they get the permission from the court. Their $7B investment shoul be around only couple hundred million dollors. (If they bought at $8 pps then is the pps is $0.20 now, their investment is reduced to only $175M.) Also think about what happens to pps if you try to dump 200 million shares. I do not think that they will do this. AIMO.

Best
Climber