Replies to post #177673 on Mr Cooper Group Inc (COOP)

[argc]

I think the more accurate statement is no matter in POR or chapteer 7 preferred always get a more favorable treat than common unless A iS significant more than L.
There is no way common can get 5-8 and P only receive 300 .there is nothing wrong hedge with preferred.always hope for the best and prepare for the worse

[sunshinevibrations]

You need to understand the concept of the "waterfall" in BK. If you do a search on this board for that term, you'll find some discussions and some spreadsheets that show you how it works.