bullish
Rightmove (RMV) - Tuesday, Nov 14, 2023
SUMMARY
Key points (machine generated)
- In 2008, Thistle933 successfully pitched Rightmove to investors despite a challenging real estate market.
- Rightmove's business model, market position, and earnings power remained strong, leading to a compounded annual growth rate of 22% since the pitch.
- However, recent underperformance by Rightmove's stock is attributed to competitor CoStar's acquisition of OnTheMarket, resulting in a 15% decline in RMV's stock and a lower five-year compounded annual growth rate of 2.5%.
This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.
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