u/visiblePixel · 96d agono track record yet
Some thoughts about COSTAR GROUP (CSGP)
The market appears to be valuing Apartments.com alone (~$12.5B at 20x its $625M EBITDA) at nearly the entire company's market cap, effectively pricing Homes.com, CoStar's Commercial CRE platform, and other segments as zero or negative value. The author suggests management may be trapped in an unprofitable spending war against Zillow on Homes.com (reminiscent of Meta's 2022 metaverse losses), implying the core business is being diluted by a value-destructive asset.
At post $29.46Now $31.82+8.0% since postedas of Nov 2, 4:45 PM ET
1d-2.4%
3d-2.4%
1w+0.4%
1m+9.4%
3m-6.5%
6m—
1y—