Professional
Added to YB: 2021-02-15
Pitch date: 2021-02-15
COOP [bullish]
Mr. Cooper Group Inc.
+603.45%
current return
Author Info
Voss Capital is a hedge fund looking for value-oriented special situations. Sign up for the newsletter.
Company Info
As on October 1, 2025, Mr. Cooper Group Inc. was acquired by Rocket Companies, Inc. Mr. Cooper Group Inc.
Market Cap
$13.5B
Pitch Price
$29.96
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.69
P/E
24.08
EV/Sales
11.06
Sector
Financial Services
Category
N/A
Voss Capital q4 2020 letter - Mr. Cooper (COOP)
COOP: Trading at 6x NTM earnings, <1x NTM tangible book. Natural hedges: mortgage servicing (rates ↑), refinancing/originations (rates ↓), Xome (foreclosures ↑). Thesis: 1) Refinancing continues, boosting book value. 2) Xome sale for ~$1B. Post-Aug flexibility for buybacks/dividends due to NOLs. >35% upside in 6 months. Risks: market perception, sale execution.
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