• The company was cruising in Q1 with double digit volume growth but then the pandemic struck taking volumes deeply negative.
• The company reacted swiftly with additional cost cutting and an accelerated shift in technology uses like virtual visits.
• While the shares are cheap and the market could very well recover rapidly, we won’t buy until we see a turn-around in cash flow.

Source: Realogy Holdings Rebounds Strongly (NYSE:RLGY) | Seeking Alpha