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Stocks Z / ZipRealty
|Subject: Good Quarter - 16% revenue growth||Date: 8/9/2007 8:41 PM|
|Author: Har1en||Number: 29 of 34|
I like this company more and more. They posted a $1 Million loss this quarter (with $86million in cash remaining on the balance sheet).
The numbers look stable, and they are continuing their plan of growing their operations while remaining just under break-even. Their growth pace seems good. They plan to have inroads into the New York market by the end of the year and they have 24% more salespeople than this time last year.
Also, check out the stats on total sales, total sales volumes, and the per sale revenue. Very nice. Not as good as if they had added their staff during the boom years, but still very strong considering the current buyer's market and lending environment.
If anyone's still in this one, I'm interested to hear opinions. I'm excited about this one. It's got the hallmarks of a rule breaker, in my opinion. And, investing in them now seems like investing during the hard times.
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