Cramer: Zillow's home-flipping plan is too risky even with a new CEO

Cramer: Zillow's home-flipping plan is too risky even with a new CEO

5 years ago
Anonymous $syBn1NGQOq

https://www.cnbc.com/2019/04/09/cramer-zillows-home-flipping-plan-is-too-risky-even-with-a-new-ceo.html

It's too early to make a bet on Zillow and its fledgling home-flipping business even under new management led by co-founder Rich Barton, CNBC's Jim Cramer said Tuesday.

The online real estate marketplace expects core business revenue to grow 56% within the next five years, but their cash-burning plan to buy and sell homes could take just as long to realize $20 billion in annualized revenue.

Cramer: Zillow's home-flipping plan is too risky even with a new CEO

Apr 9, 2019, 11:28pm UTC
https://www.cnbc.com/2019/04/09/cramer-zillows-home-flipping-plan-is-too-risky-even-with-a-new-ceo.html > It's too early to make a bet on Zillow and its fledgling home-flipping business even under new management led by co-founder Rich Barton, CNBC's Jim Cramer said Tuesday. > The online real estate marketplace expects core business revenue to grow 56% within the next five years, but their cash-burning plan to buy and sell homes could take just as long to realize $20 billion in annualized revenue.