Jul. 10 at 3:49 PM
$CSGP Added here 28.5 - this is a great buying opportunity in my humble... I have followed this stock for years, used to own it way back but it got much too expensive for my taste. I started a position last week and it's now close to
$29 entry point which is just stupid for this name. I listened to all the recent calls lately - and yes while there's legitimate questions out there, this company remains a strong one with quasi-monopoly powers in a lot of its businesses. There's a decent chance they do quite well in Homes.com but regardless, the valuation of that unit is about NEGATIVE
$15BN which is just stupid. DE shaw was pumping this stock at Jan 30 valution os 39x ev/ebitda and now its 13x and margins are not even at scale. If some investors want to be stupid (imho) and sell here it's just a sign of their frustration, but the risk reward here is off the charts good. Look at the valuation - over 2 std devs relative to the market which is worse than at the GFC
