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Bit of a risky bet, considering share price is highly dependent on the housing market, but the financials are sound - in any case, RE/MAX should outperform the industry.
Strong Company with sound leadership.
The housing market has been depressed for a long time and is still recovering even though interest rates have made a bottom and are now rising. Because of this there is still a lot of pent up demand for housing and people will scramble to get in before rates push up some more. Also, this company (RMAX) buys, sells, and leases rental property and it will have strong demand too.
new issue today.6300 offices worldwide in 100 countries.Great franchise model. at their peak when in 80 countries, they had @ 120,000 agents in 80 countries at that time. Their CEO said today they anticipate to use their free cash to buyback independents(they aren't all franchises) and expect to pay a dividend and grow their dividends for shareholders as their cash flow increases! BUY!!!!
Couldn't have timed IPO better, RMAX gets to ride two hot streaks: IPOs and Real Estate.
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