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Realogy Holdings Is Cheap, But It Has To Prove It Can Deal With The Headwinds

July 13th, 2019 · No Comments

  • Lower volumes and some structural headwinds have got the better of the shares, which have sort of collapsed.
  • The company is responding with a $70M cost-cutting program and a series of initiatives to bolster its position.
  • It’s a little early to be able to tell how these initiatives are going.
  • But if volumes are coming back in the housing market in H2 as expected, the shares should at least recover some ground.
  • This could be a nice turnaround play as the shares are cheap but a recession would put further pressure on the stock.

Source: Realogy Holdings Is Cheap, But It Has To Prove It Can Deal With The Headwinds – Realogy Holdings Corp. (NYSE:RLGY) | Seeking Alpha

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