Oct. 16 at 7:10 PM
$REAX
A lot resting on upcoming quarterly results.
https://www.stocktitan.net/news/REAX/the-real-brokerage-surpasses-30-000-agent-j6fr7hhrnfcz.html
Note - in Sept 3,600 agents were using Real Wallet.
https://www.stocktitan.net/news/REAX/real-launches-real-wallet-capital-an-industry-first-embedded-lending-f531ubiiyv04.html
In Oct, more than 4,000 agents are using Real Wallet.
This strengthens the proposition that they can grow anciliary services that agents find useful.
https://www.realtrends.com/ranking/real-trends-verified-best-brokerages/
No really idea what to make of this stock.
Had interesting discussion with investors re
$FTHM , whose shares have moved in the opposide direction to REAX recently. Questions re REAX's agent growth being sustainable or not - I don't know, but they are growing at between 50-100%, so even if we had several years of slowing growth it would be quite impressive:
2024: 20k
2025: 35k (75% growth, allowing for churn)
2026: 44k (25%)
2027: 53k (20%)
2028: 61k (15%)
Looking across all the brokerage stocks, their margins are terrible, and they seem to be a race to the bottom with each other, and it is unclear who will ultimately win (nor what the prize is for shareholders).
