Have any of you been keeping up with NFT’s? They are the latest and greatest get-rich-quick scheme that is just a bunch of internet trolls using decent marketing to sell mediocre artwork for outrageous sums of money. That’s all, right? What are NFT’s? It turns out NFT’s, or non-fungible tokens, might change the way we … Read more
Given the HOT activity the residential market has had since the covid pandemic, how would you, if you had to guess right off the bat, assume the big players’ stock is doing? Realogy, Zillow, eXp, ReMax, Redfin, Opendoor, Compass, Fathom Holdings…which one has had the most impressive 2021? But first, without looking at the numbers … Read more
When Opendoor reported its 2020 results, I was so impressed that I went out and broke my own self-imposed rule and bought some shares. It’s a small position but it is a position, and I’m long Opendoor. Well, the Q1 results lead me to believe I’ve made the right choice, despite the markets disagreeing with … Read more
In my last analysis of Redfin, I wrote that Redfin has to decide who it wanted to be. It was stuck in a “larval stage between one model and another” as per Glenn Kelman’s wording: I agree that Redfin is in some larval stage between one model and the other. The one model is/was one … Read more
This is going to be a relatively short post. Frankly, because I’ve run out of ways to say the same thing quarter after quarter. If you’re new around here, please go back and re-read everything I’ve written about Zillow after every one of Zillow’s earnings calls. Then you can check out my June 2018 Red … Read more
As it now stands, America functions because other countries want the US dollar. It is still the currency that runs the global economy. Thank God. Without it, we would not be able to domestically produce enough produce, so to speak, to function. For some reason, America, at least in its way of thinking, is planning … Read more
Earlier today, we all got the news that CoStar is buying Homes.com from Dominion for $156 million cash: WASHINGTON–(BUSINESS WIRE)– CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that it has reached a definitive agreement to acquire Homes.com, a division of Dominion Enterprises, for … Read more
When it comes to Bitcoin becoming the world’s reserve currency to replace the dollar, it has a lot going for it. The price of Bitcoin has gone from $192 dollars in October of 2013 to $57,000 today. That’s an insane 29,587% increase in value. A lot of the world’s biggest investors have publicly mentioned their … Read more
Have you guys been keeping up with the Archegos crash? That looks like an absolute nightmare. Everyone believed Archegoes was solvent as well but the second there was any miscalculation, they lost everything. Worse, the banks were left to squabble over who had to incur the losses. Credit Suisse took a 4.7 billion dollar hit … Read more