RE/MAX Holdings: The Bull Case Still Has Legs
MAXMediaAlpha(MAX) Seeking Alpha·2024-08-10 18:57
Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images Thesis Recap I first covered RE/MAX Holdings (RMAX) in February of 2024, with the thesis that the stock was approaching a bottom with attractive fundamentals and a mispriced valuation. I noted the competitive advantages of the business model were still there and that brand recognition can still carry the company forward. Since then, the company has announced strong Q2 earnings with a beat of $0.06 on non-GAAP EPS, confirming my bullish the ...