As of 24 hours ago, Analysts had expected this company to grow 40% Plus revenues next year. And that was basically after Analysts had expected this company. Also, they were recording this massive revenue growth from this business now that they are exiting this business, essentially, what’s going to happen to the revenues is they’re going to be down, I would guess, anywhere between 50% and 70%, as a company next year. So you got a massive losses coming first company. I was reading something last night where something like 90% plus of the homes they bought in Phoenix, Arizona, which is where I grew up, are like underwater, essentially, they’re going to lose money on like, That’s ridiculous.
Okay, first off, they’re gonna have to take a ridiculous amount of losses. Now, this creates so many problems for the company.
And needless to say, now they’re exiting the business. One is they had hype, this business, they were getting into kind of like basically flipping houses and hype this for years. The issue was, well, my gosh, where do I start with so there’s so many issues nine funny, okay. I mean, it was gonna need Cathy wood to buy every share and site to keep that stock up. If you ever heard of a hot mess, okay, that one. Okay, so, no, no, I don’t agree with this one at all. So let’s talk about Zillow right off the bat here. Now already so Cathy wood is back at it with what she does best buying the dip on her highest conviction stocks Ark invest flagship ETF scooped up over 280,000 shares of Zillow group yesterday after a disastrous earnings report sent shares plummeting 10% after hours and today, I think it felt like 24% was 20% plus okay, Zillow is their 14th largest holding in the ark innovation ETF.
#BEEM HOLDINGS ANDROID#
And don’t forget to download the hungry bowl on your iOS and Android store. Well howdy there folks and welcome into today’s video hope you’re doing great out there as always today we’re gonna get into Cathy wood in seven stocks she just bought I saw this headline the newsletter today on the mobile app and I thought let me go ahead and do a reaction to the seven stocks that Kathy would just bought and let me give my perspective on if I think these stocks are buy or not it’s kind of a fun video so hope you guys enjoyed as always all asking returns that you smash that like button that’s literally it.
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