It’s too early to make a bet on Zillow and its fledgling home-flipping business even under new management led by co-founder Rich Barton, blovnews.com’s Jim Cramer said Tuesday. The online real estate marketplace expects core business revenue to grow 56% within the next five years, but their cash-burning plan to buy and sell homes could take.
Cramer: Zillow’s home-flipping plan is too risky even with a new CEO dsbadmin April 9, 2019 Chipmakers are on pace for their best first quarter ever as fears about global economy ease
This post was originally published on this site.. The trade war with China escalated to a new level on Monday but Kudlow told CNBC that the U.S. "would like to negotiate" and "make a deal.. Cramer: Zillow’s home-flipping plan is too risky even with a new CEO. dsbadmin April 9,
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Rallies in Hasbro, Qualcomm, Twitter, and Kohl’s on Tuesday showed how investors who bet against a stock can cause a short squeeze and bolster stocks even higher, CNBC’s Jim Cramer said.. Each stock saw double-digit percentage gains during the session, with the exception of Qualcomm, although the company touched a 52-week high in the session.
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"I liked the old Zillow, even if it was slowing down a bit, as it was a lot less risky. I’m not yet sold on the new Zillow, even with a much better class of CEO," Jim Cramer says.
It’s too early to make a bet on Zillow and its fledgling home-flipping business even under new management led by co-founder Rich Barton, CNBC’s Jim Cramer said Tuesday.. The online real estate marketplace expects core business revenue to grow 56% within the next five years, but their cash-burning plan to buy and sell homes could take just as long to realize $20 billion in annualized revenue.
Then they decided to move into a totally new, totally risky business at what may be the worst possible time, and the stock has since cratered." And while Cramer remains a fan of Zillow CEO Spencer Rascoff, who appeared on "Mad Money" in May to discuss the home-flipping move, he couldn’t steer investors towards the stock.
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