2024-06-13 15:17:23 ET
Summary
- Compass, Inc. is a strong player in the real estate agency market with a large group of high-caliber agents and the technology tools to make them effective.
- The company came public during the hype of 2021 with unrealistic growth expectations and an unsustainable economic model.
- Compass has been aggressively rightsizing the cost structure while continuing to add agents, and appears very focused on free cash flow and protecting a strong balance sheet.
- RE transactions are down sharply over the past two years. As market activity improves, Compass is positioned well to generate above-market growth and significant FCF.
The Compass Story
Read the full article on Seeking Alpha
For further details see:
Compass: A Renovated Business Model With An Attractive View