Certain companies (such as EBAY for example) operate well regardless of the economic news, because they simply dispense information, thus doesn't matter. That said, Z, is grotesquely high.
Also, look at TSLA in May 2013 where it went fr om about 40 to 200. Perhaps the best match for this idiotic rise.
I hope so. I have shorted Z five times since it was $90. I hope I don't need to short more on this piece of #$%$.
Look at Altisource (ASPS)....that stock is down 35% from highs....and it is a much better company...granted they only compete with Z directly through a couple of subsidiaries, but any better financials ie they actually make a decent amount of money lol...better list of stock holders...all around a better company with much higher revs over 100 m in profits...but trades at half the market cap of Z.
Zilllow has a great website, technology, service, but the stock is not trading on fundamentals. The low hanging fruit has been picked...once the top markets are more saturated I think they will find it harder to find the growth in the smaller markets.....and competition is growing more intense. Ton of companies doing the exact same thing...and I'm surprised goog doesn't have something in this space since they specialize in search and maps...highly highly doubt they would buy Z...so if they don't buy move or trlia then they probably just come out with their own company...would not be hard for them. Insiders selling bc the stock is trading on 2025 numbers lol...
Anyway...if the stock does what asps did then it would be trading at about $85...if the market gets hit watch out
Guess the bull case is that they are going to grow revs 50-100%over the next 3-5 years... And then they will magically pull the carpet from under the even faster growth in their SG&A expenses to somehow have huge profits.
Ain't gonna happen
If S&P goes to 2000, the mass of (tiny) retail who will short it will automatically get slaughtered, and then we hit 2100+.
That has been said before for the past few weeks. Its at $135 now instead of $90. So why $90 this time again and not $200 being the next stop LOL??
First Quarter 2014 Financial Highlights of Zillow
• Revenue increased 70% to a record $66.2 million from $39.0 million in the first quarter of 2013.
• Basic and diluted GAAP loss per share was $0.16 in the first quarter of 2014 compared to basic and diluted GAAP loss per share of $0.11 in the same period last year. Basic and diluted non-GAAP net income per share was $0.02 in the first quarter of 2014 compared to basic and diluted non-GAAP net income per share of $0.01 in the same period last year, which excludes share-based compensation expense.
• Adjusted EBITDA was $8.7 million in the first quarter of 2014, or 13% of revenue, which was an increase from $5.1 million in the first quarter of 2013, or 13% of revenue.
Key Highlights of Local Corp from Q1/2014
• Grew total revenue 22% year-over-year to $26.2 million.
She be a big bubble yo. However a train can kill you whether it is running on fuel or just plain momentum.
When you are approaching a MAJORITY of investors acting on a belief that the stock is too high, it will quite naturally trade LOWER....if we have a real market, not some kind of sick collusion.