Replies to post #350584 on Mr Cooper Group Inc (COOP)

[STRIKEEAGLE]

I believe our "long-term play"... just got elongated.

True value for P's and U's remains 2-3 years away.

Jackpot (for some)... down the road.




AIMHO

[jhdf51]

Bops message eventually $2 for common...well after a (Guessing till it happens) 1:17 reverse getting to $2 is essentially breaking even.

On the brighter side, I am thinking that there is a hint of the new company's true value in the apportionment of its stock. If the company were worth say $10B, then the preferreds would receive par over time, and commons slightly less than $2 per share.