Replies to post #221197 on Mr Cooper Group Inc (COOP)

[longhaulq]

If preferreds get 30-50%, dont expect the commons to get over a quarter. imo

[gophilipgo]

Preferreds may take a haircut to give commons something, but if that happens, I highly doubt commons would see a larger percent return. That would destroy the whole reasoning behind owning preferred shares; not just for WAMU, but for all companies that offer a preferred series.