Replies to post #160472 on Mr Cooper Group Inc (COOP)

[knick]

Thats understandable but at what price? Time is money when billions are involved to get locations back from jpm which they dont want to give back it just seems easier to take the money ie settlement and run. But to give up a hundred year old business would be a hard thing to do.I wouldnt know if I would trust my shares back to wmi when they wanted to cancell equity once before.

[dannoninvest]

just fyi, wamu was trying to sell before the seizure. by them attempting that, people should come to their own common sense conclusion. which is seeking close to "fair market" value. settlements do not end with a share swap. swaps happen only in buyouts and mergers. what was done to wamu definitely will not be settled with a swap, a swap plus cash, or anything of that sort. It will only be settled with cash. ec turned up the heat to keep them from delaying the settlement and put huge obstacles with letting them know they could face severe consequences if they try to drag this out and go to trial. basically settle soon with a fair market value or we will fight to the end and receive billions more. and that would just be the start. we will see what happens here real soon. $52 billion would be hard to get because of the recession before they were seized. But a 25% hair cut would not be unusual at all ($38 billion). Commons at minimum should be $8 which is still under valued. therefore diamonds $12 plus is highly possible. Jpm and fdic paying all legal fees and any fee related to this court escapade probably would be accepted for this to be swept under the rug. If people are trying to predict the price, they should know that $8 a share would be bare minimum.