2/11/25 - $z - I don't get it

2/11/25 :: VROCKSTAR :: Z
I don't get it

- 2.5% fcf yield "let's see"
- google search trends keep seeing lower highs, lower lows (trends.google.com/trends/explore?date=all&
- it's not like rates are going down... so there's some obvious friction in the system
- and really... 35x 2026 PE for this?
- i applaud the home buying silliness (1P) the co did a few years ago, but frankly, as much as i use this platform to putz around, the interface/ UX just sucks Harry Bolz (ElonMusk)
- this feels like a rent-seeking slow bleed waiting to be disrupted situation facing an awkward home buying backdrop and where the stock has run and portfolio managers (if that's what they still call themselves) are just eating tiny triangle sandwiches and giving each other feel-good reach arounds about their respective books.
- unclear if i'm going to short this (bc shorting still sucks until we get a "pin" on the mkt), but i'm sure as hell not going to chase you all off the cliff. i'd say risk to the upside is maybe 5-10%... downside 10-20%.
- i've only owned this thing in the past (much lower), but at this pt, nothing's changed but the multiple has gone higher and the fundamentals have worsened. u draw your own conclusions. i'm just here to share my thoughts with me, myself and irene (hi baby!)

V