RDFN

Redfin Corp

Finance/Real Estate, TMT


Presented:07/30/2021
Price:$58.57
Cap:$6.09B
Current Price:$11.22
Cap:$1.37B

Presented

Date07/30/2021
Price$58.57
Market Cap$6.09B
Ent Value$6.76B
P/E RatioN/A
Book Value$3.31
Div Yield0%
Shares O/S104.04M
Ave Daily Vol1,380,831
Short Int12.78%

Current

Price$11.22
Market Cap$1.37B
Redfin Corp. provides real estate brokerage services. The firm engages in buying and selling homes. It operates through the following segments: Real Estate Services and Properties. The Real Estate Services segment consists of revenue transactions. The Properties segment consists of home purchase costs, capitalized improvements, selling expenses and home maintenance expenses. The company was founded by David Selinger, David Eraker, and Michael Dougherty in 2004 and is headquartered in Seattle, WA.

Publicly traded companies mentioned herein: Realogy Holdings Corp (RLGY), Redfin Corp (RDFN), Zillow Group Inc (ZG)

Highlights

The presenter is short shares of Redfin Corp (RDFN) believing the company is misrepresented as an internet company when it's really a brokerage and should not trade on a revenue multiple.

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Idea Discussion

Commentor 1 - 2 weeks ago

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