Billionaire Lee Cooperman’s Top 5 Stock Picks

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1. Mr. Cooper Group, Inc. (NASDAQ:COOP)

Mr. Cooper Group, Inc. is one of the largest home loan service providers. During the fourth quarter, Omega Advisors had 4.9 million shares of the company, worth $155 million. Shares of Mr. Cooper Group soared 108% over the last twelve months.

Diamond Hill Capital was committed to its COOP investment despite the large loss during the March crash. Diamond Hill Capital mentioned the stock in its Q1 2020 investor letter:

“Mortgage servicing company Mr. Cooper Group, Inc. underperformed amid fears over advance payments mortgage servicers are required to make to bondholders in the event of missed payments from borrowers. Investors worry that Federal programs encouraging borrowers impacted by the virus to delay mortgage payments will overwhelm the servicing industry’s ability to make payments to bondholders.”

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Please also see 15 Best Micro-Cap Stocks To Buy Now and 15 Youngest Tech Billionaires.

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