Sep. 13 at 1:17 PM
$DELL Margins are the real question, as Dell insists on repackaging itself into “as-a-service” & subscription models. The language is modern, the mechanics are old: extract recurring revenue from customers while convincing the market this is transformation rather than accounting with branding.
#RKT Notes: The Redfin purchase. Fifty million monthly visitors now feed into a mortgage machine already chained to rate cycles. A funnel. Falling rates. Rates down, volumes up. This is the entire “thesis.” It was true yesterday, it will be true tomorrow. Mr. Cooper synergies. They promise
$500 million in “synergies.” Redfin synergies. Over
$200 million projected. Allegedly from cost cuts & cross-selling. EPS boost. Analysts raised 2026 EPS forecasts by 11%. The uptick relies on rate declines & synergies.
