Shares in Realogy, the independent, publicly traded real estate company that was formerly a part of Cendant Corp., have fallen about 10 percent since regular trading began Aug. 2, and several private equity firms are interested in a possible takeover of the real estate giant, which owns and franchises such major brands as Century 21, Coldwell Banker, ERA and Sotheby’s International Realty, The New York Times reports.
You know, I think you’re a sucker if you buy this stock.
I guess you won’t be, if a company buys it, because maybe they’ll pay a premium.
But, otherwise, why would you waste your money?
As the story states, the stock is already down 10% from when it went public … which was only about a month ago.
Right … the stock is down, while the Dow Jones hit an all-time high … twice, in the past week.
Plus, what’s that about the company already offering to buy back 20% of its stock?
The $500 million it has on hand sounds tempting, but really.
I dunno. What do you think?
Source: Realogy 101 – By Glenn Roberts Jr., Inman News Blog