- Price is down 85% from the top at $22
- They have been dumping equity stakes onto their own agents for 2 years as a voluntary alternative to paying out commission. Many people have been burned leading to a class action suit (several over their history)
- They have 3 quarters of cash left
- They are doing mass layoffs of 450 employees
I'm not giving away my price targets this time.
Get good.
Comment:
not gonna lie their exec team sounded less than confident in themselves during the earnings call
Trade closed manually