Saturday, July 11, 2015

Zillow: The Lost Summer


Summary

  • Zillow announces that the CFO is departing the company on August 7.
  • The company isn't going to see the typical seasonal stock gains.
  • The recommendation is for investors to sit on the sidelines until the Trulia merger and CFO issues are resolved, possibly providing a seasonal buying opportunity in the fall.
   The after hours news for Zillow (NASDAQ:Z) isn't very encouraging. The online real estate marketplace continues to feel the impact from a messy integration from the Trulia merger and the latest impact is the CFO leaving the building. The stock that peaked over $160 on the initial announcement of the supposed game-changing merger is now struggling to hold $80 in initial trading after this news.

 Read the full article on Seeking Alpha.


 Disclosure: No positions mentioned. Please read the disclaimer page for more details.

No comments: