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Z: Sometimes It’s Important to Remember These Guys are “Empire Builders”…

November 6th, 2012

If you told us heading into the earnings print that Zillow would have added more than 4,000 premier agent subscribers in the third quarter, we almost certainly would have expected Zillow shares to trade higher.  Obviously that has not...

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Z: A Closer Look at the Rental Property Marketplace – Raising Estimates and Price Objective to $50

October 22nd, 2012

In the housing depression over the past five years, there has been one segment of the marketplace that has performed quite well – rentals. Historically, the rental property market has been largely comprised of...

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Z: All About the Metrics

August 8th, 2012

Zillow shares traded off sharply after hours yesterday following earnings results that were good, but perhaps not strong enough relative to “whisper numbers”.  Additionally, the company filed a shelf offering which included the option for significant stock holders to sell as much as 3.6MM...

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Z: Zillow Provides a Glimpse of the Future, While Investing In It

May 3rd, 2012

Some investors might be perplexed by the strength in Zillow shares after hours.  Yes, the company did report strong 1Q12 results that handily beat estimates.  Yes, the operating metrics delivered in 1Q12 were fantastic and well above what most...

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700+ Real Estate Agents Can’t Be Wrong. The Housing Market Is On the Cusp of a Sustained Recovery. Getting Long Zillow

May 1st, 2012

This is a report about housing. This is also a report about a company that has the potential to transform the home purchase process in the US.  Every Spring for each of the past three years we have...

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Current Ideas

EXPI

SELL/SHORT

$4

HUSQ.B

SELL

$50

UFPI

SELL/SHORT

$45

TREX

SHORT

$18

PRDO

SELL/SHORT

$5

STRA

SELL/SHORT

$42

CWH

LONG

$75

OSTK

LONG

$128

CM

SELL/SHORT

$50

RY

SELL/SHORT

$50

ARC

LONG

$5.50

AYI

SHORT

$50

BIG

SHORT

$28

WWE

LONG

$65

XOXO

LONG

$37

RLGY

PAIR TRADE

$10

RDFN

PAIR TRADE

$30

BCO

LONG

$35

ING.PA

SHORT

$35

TRUP

SELL/SHORT

$10

CTC

SHORT

$101

ATGE

SHORT

$15

HCG.TO

SHORT

$0

RON.TO

SHORT

$9

ESI

SHORT

$0

BGG

PAIR - LONG BGG/SHORT TTC

25%

TTC

PAIR - LONG BGG/SHORT TTC

25%

Z

SHORT

$14.00

NA.TO

SHORT

$22

ZU

SHORT

$15

TRLA

SHORT

$20

MCRS

SHORT

$31

APOL

SHORT

$35

OPEN

SHORT

$30

KNL

PAIR - LONG KNL/SHORT MLHR

25%

CSGP

SHORT

$100

GCA

LONG

$8

IPSU

LONG

$20

MLHR

SHORT

$22

LOOP

PAIR - LONG CSGP/SHORT LOOP

40%

THQI

LONG

$35

WPO

SHORT

$275

COCO

SHORT

$0

HNI

SIG

RGR