Redfin: A Disruptive Growth Play In Real Estate (NASDAQ:RDFN)

The digital transformation revolution is offering enormous opportunities for growth across all kinds of areas. Technology is transforming industries such as communications, entertainment, enterprise management, and commerce, to name a few noteworthy examples among countless others. The real estate sector is now poised for disruption too, and Redfin (NASDAQ:RDFN) could benefit from exponential growth opportunities due to this trend in the years ahead.

A Disruptive Business Model

Redfin has a clear mission “to redefine real estate in the customer’s favor”. The company’s name is an anagram that encodes “Friend” and “Finder”. The company is well-known for charging a commission of 1.5% or even 1% if you sell and buy with Redfin as opposed to the standard 3% commission charged by most competitors.

Redfin uses technologies such as map search and virtual house showings to increase exposure, improve the quality of the customer experience, and to deliver efficiencies and cost savings.

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PGZ: A Contrarian Play On Commercial Real Estate With An 8.8% Yield (NYSE:PGZ)

Author’s note: This article was released to CEF/ETF Income Laboratory members on Sept. 28, 2020 with certain numbers updated. Please check latest data before investing.

This month, I’d like to take a look at Principal Real Estate Income Fund (PGZ), the top ranked DxYxZ fund (and frequent entrant) in our latest “High-High-Low” report.

As of Oct. 7, PGZ exhibited an attractive -24.78% discount with a -1.9 z-score. At the time of publication of our “High-High-Low” report, PGZ sported a a 12.10% yield that was 98% covered. However, the fund just announced a reduction in its monthly distribution from $0.11 to $0.08/month for the next three months, starting from November. This lowers the forward yield to 8.81% with a concomitant NAV yield of 6.63% as of the latest prices.

PGZ has come up in the chat several times recently as a possible high-risk/reward contrarian play, but we haven’t had a dedicated

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Opendoor: A Play On The Future Of Real Estate Services (NYSE:IPOB)

Source: Opendoor Brand Assets

Opendoor recently became publicly traded through a merger with the SPAC, Social Capital Hedosophia Holdings II (NYSE: IPOB). In my opinion, IPOB, and Opendoor by extension, offers an excellent play on the disruption of the real estate industry. Opendoor has demonstrated product-market fit, improving unit economics, and a business model that can scale at a high growth rate.

The company’s sales grew ~150% yoy in 2019, and while the pandemic has led to a major contraction in home sales in the past quarter, the overall housing market appears to have mostly recovered to pre-pandemic activity as of August. Given the SPAC merger and other private funding, Opendoor has accumulated enough financial ammunition to continue tackling their proclaimed trillion-dollar market opportunity with some vigour. The company has the potential to become the dominant marketplace for house sales throughout the country and is worth an investment at the

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Inter warn Tottenham Skriniar not for sale & play down links with Chelsea defender Alonso

Inter sporting director Piero Ausilio has confirmed they have received contact from Tottenham about centre-back Milan Skriniar but insists that the in-demand defender “is not on the market”.

Slovakia international Skriniar has been heavily linked with a move to the Premier League, as Jose Mourinho seeks extra reinforcements for his side as they battle to return to the Champions League.

Inter, managed by Antonio Conte, are expected to be busy heading into the final days of the summer transfer window, with players such as Skriniar’s fellow central defender, Mateo Ranocchia, linked with a move to fellow Serie A side Genoa.

Ausilio, however, says neither man will be leaving San Siro before October 5, when the window closes, and that they have always rebuffed Spurs’ overtures with the north London side yet to make an offer to really turn any heads in Milan.

Ausilio told Sky in Italy: “Ranocchia remains. There

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IRCTC’s Offer For Sale soon; but is there still value in this monopoly play while Covid hits travel

The OFS, according to the Department of Investment and Public Asset Management (DIPAM), could see the government selling 15-20% of its stake.

Indian Railways Catering and Tourism Corporation (IRCTC) was one of the most celebrated IPO on the stock exchanges prior the sell off that shook the markets in March. The stock was listed at a price of Rs 664, a massive 101% premium to the issue price of Rs 320 per share. Further the stock went on to touch a high of Rs 1,994, which translates to over 520% gains from the issue price. Now the stock trades at Rs 1,334 per share but investors could soon get a discounted entry into the stock with the government planning an Offer For Sale (OFS) soon. However, the question remains if IRCTC stock is still attractive?

OFS could see 15-20% stake sale

The OFS, according to the Department of Investment and

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