Redfin is 500M market cap now, it’s in deep water. But I’m wondering if it’s good opportunity to buy. The fundamental technology is more or less no different than Zillow/compass, it’s just a business strategy problem. Obviously the Redfin agent thing doesn’t work out, any insights if Redfin is going to change how they would make money? I deeply believe most of real estate agents should be automated. Just not sure who is gonna take that controversy. Tc:500k Yoe: 10
I am thinking about it too, but I am also thinking of waiting a few more months since interest rates will continue to give pain to real estate for the next few months so the stocks can go further down
it’s feds manufactured recession, they’ll hit brake if economy goes really bad. The tech layoffs might be the peak of fear, thats why I’m shopping around now
I’m waiting till after earnings. Guidance is going to be CEO leading to stock drops
How many of your stock picks have been successful in the past?
2022 is the only year most of my stocks are losing money. the decade before was golden, it was hard to not make money.
Compass and Redfin has similar business model
How about zillow
Zillow is doing okay, market place/ads business model. does have rental, loan business.
It would go to .5
book value is 0.9, Its an extreme attractive acquisition candidate if it goes 0.5
They are loosing so much
Follow Graham and buffet not cathywood
This is not even Cathy wood. This is SBF move.
What are their finances like? Did they overbuy properties they were planning to flip?
Revenue growth is 9%, they lack rental management and ads software so revenue isn’t as good as Zillow. BUT their MAU is close to Zillow and is growing, which means they have a fair chance to cut the cake.
Their revenue looks so good. Whats the catch
Cash on hand is low, might water down stock before end of 2023..
2021 was when they unloaded properties they were often underwater on
Just load up on $ZG
You are using words you clearly don't understand the meaning of
Like what?
“I deeply believe most of real estate agents should be automated” Agents automated. Maybe a robot?