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Stocks Z / ZipRealty
|Subject: Re: New CEO, comments on earnings||Date: 6/20/2007 1:26 PM|
|Author: DaveMcC3300||Number: 25 of 34|
Apologies for getting you into this stock. The housing bust is killing us. I bought at $7.48, so I've made zip so far. But housing recovery puts ZIPR right at the front of the market.
I was also surprised that Richard Sommer was kicked out, but, if he was shifting the model, I'm glad he's gone.
The increase in agents is a GOOD THING !! Realtors are hurting worse than the homebuilders. Some of them will find something else to do for a living; others will go for better job security. Those that are good will be accepted by ZipRealty as it grows. Remember, this is basically a start-up business.
Though I would like to have been making some money through stock appreciation at this point, I'm still hanging in there. I don't see much opportunity to pick up shares at a better price. But I've been wrong before. I too would buy more if the share price crashes. It's been so resilient during a terrible house buying/selling market that I doubt we will have a chance.
There isn't any of the others in this sector that I would touch. ZipRealty is the best!
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