Why Zillow Stock Is Worth Another Look
When Zillow (NASDAQ: Z) (NASDAQ: ZG) decided to exit the iBuying business, many investors lost faith in the company overnight. Not only was iBuying seen as a disaster, but management's handling of the shutdown of the business was looked at even less favorably, because the company sent mixed messages for weeks before pulling the plug. The stock price is down more than 68% from 52-week highs.
But if we take a fresh look at Zillow's business today, there's a lot to like. This is the go-to spot for home shopping, and it's a valuable resource for realtors around the world. That core is profitable, and as Zillow adds more services like mortgages and title offerings, I think the stock could do very well for investors from here.
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Source Fool.com
