Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images Investment Thesis RE/MAX Holdings (RMAX) approaches a rock-bottom valuation given its disappointing fundamentals in a slow housing market. Its large debt position and an increasingly competitive market have concerned markets, and rising rates have made homes increasingly unaffordable. Despite these headwinds, I believe the company is still fundamentally strong and has strong brand recognition, an attractive franchise business model with recurr ...