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or you could look at it as a company that is successful and wants to get a better position in an adjacent market
by filvdg 14y ago
or you could look at it as a company that is successful and wants to get a better position in an adjacent market
- victoro 14y agoAgreed, and the two are not mutually exclusive, but I highly doubt that if this was 2006, a company specializing in real-estate sales would use its cash to expand horizontally into rentals before cementing its lead in its main vertical only a year and a half after IPO. Seems like a bit of a hedge play to me. I agree with the hedge, I'm just commenting on the macro trends I think this reflects.