Q: Please comment on REAL's earnings report and what you think their prospects are going forward in the current interest rate environment ?....Stock was up 6% at opening but is now down 7% so I don't know what to make of the report ..... Also please comment on what you learned from the Conference call ? ....... Thanks Garth ....
5i Research Answer:
We have comments posted here; we can't say the call was overly interesting. The company noted "The focus for title remains on readying ourselves to scale for growth as the market recovers and market share increases. We continue to work the pipeline with a view to adding new clients in 2024. In Canada, we saw lower market volumes for appraisal services, which we're able to offset in part with market share gains". Essentially, the company believes in a recovery and is preparing for such.