$5B Homes.com bet is the battleground
The bear case argued: CoStar's $5 billion investment into its consumer-facing Homes.com website to compete with Zillow has been a massive capital drain, is beyond its commercial real estate competency, and is the primary reason for the stock's multi-year underperformance.
Sign in to read the full idea
The argument, what validates it, the risks discussed and hearing it from the source are for signed-in members. Free accounts read 3 ideas in full a day. No card required.