$Rocket(RKT.US)$,$Opendoor Technologies(OPEN.US)$and other real estate-related stocks sank on Wednesday as a hot U.S. inflation report dampened hopes for lower mortgage rates. Rocket – the parent firm of popular housing lender Rocket Mortgage Co. – fell 10.9% to $12.57 shortly before noon ET, while rival mortage firm$LendingTree(TREE.US)$shed 4.3% to $39.31. OpenDoor, which operates a digital platform for home sales,...
10baggerbamm :
rocket is a great company they've been around over 25 years they are interest rate sensitive let's be realistic the refinance of properties of existing customers is a big percentage of their revenue and it is basically non-existent at this point they just like all of the other lending institutions that are not only in a position to drive revenue from purchases but refinances require rates to fall in order for institutional buying to take place.. so keep it on your screen and when pal signifies he's going to cut rates you buy it because it's not going to be a one and done event it will be multiple rate cuts over. about a year to a year and a half and rock it will be one of the main benefactors
LendingTree's CFO sees this financing as a key step in the company's growth, aiming to streamline the company and strengthen its balance sheet. Apollo Partner believes the financing will boost LendingTree's financial flexibility and better equip it to navigate the current market.
LendingTree's low P/S ratio and negative revenue growth trend indicate it as a risky investment. The company's disappointing revenue outlook contributes to its low P/S, making a strong share price rise unlikely soon.
10baggerbamm : rocket is a great company they've been around over 25 years they are interest rate sensitive let's be realistic the refinance of properties of existing customers is a big percentage of their revenue and it is basically non-existent at this point they just like all of the other lending institutions that are not only in a position to drive revenue from purchases but refinances require rates to fall in order for institutional buying to take place.. so keep it on your screen and when pal signifies he's going to cut rates you buy it because it's not going to be a one and done event it will be multiple rate cuts over. about a year to a year and a half and rock it will be one of the main benefactors
73903847 : awesome!
淡定的惠特莫爾 :
Maniac Fool 10baggerbamm: Wow you are everywhere
10baggerbamm Maniac Fool: and if you would have listened when I posted it initially and bought it you'd be at a nice profit right now wouldn't you