Sep. 13 at 9:56 AM
$PSKY $WBD The market bid shares up ~15–30% on the news. The obvious headwinds: antitrust regulators who still pretend media concentration is a concern, integration headaches that follow any mega-merger.
#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 after FOMC. 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.