Energy: Why We Love Redfin
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 23 May 2019
⏱️ 40 minutes
🧾️ Download transcript
Summary
The real estate brokerage industry hasn’t changed much in decades, with high commissions and an opaque buying process. However, Redfin is changing the industry for the better, aiming to fulfill its mission to “Redefine real estate in the consumer’s favor.”
With a powerful value proposition, capable management, and a huge addressable market, Redfin is an up-and-coming Rulebreaker that investors should be receiving investors’ attention. Motley Fool Analyst Tim Beyers and Industry Focus Host Nick Sciple, both Redfin shareholders, break down Redfin’s competitive advantages, opportunities, and risks on this week’s episode.
Stocks Mentioned: RDFN, ZG
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Transcript
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| 0:00.0 | Thanks to Sprout Social for supporting industry focus. |
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| 0:12.0 | com today. |
| 0:12.8 | Welcome to Industry Focus, the podcast that dives into a |
| 0:17.2 | different sector of the stock market every day. |
| 0:19.1 | Today is Thursday, May 23rd and we're discussing Redfin. |
| 0:21.8 | I'm your host Nick Saipel and today I'm joined |
| 0:23.4 | by myly fool analyst Tim By-Skyers. By Skype, how you doing Tim? |
| 0:25.9 | I'm doing well Nick how about you? I am doing great. I'm excited to talk about |
| 0:30.6 | Redfin today. This is a company that both of us own in our own |
| 0:34.2 | personal portfolios I believe. Before we dive into kind of discussing what |
| 0:38.4 | Redfin is and the opportunities it has as an investment, how did you first come |
| 0:42.0 | across this company, Tim, how did it come onto your radar? |
| 0:44.6 | It's very interesting because I work here in the Colorado office and Austin Smith, who is the |
| 0:50.0 | founder of our, it's kind of a, I guess you would call it a sister business the |
| 0:55.9 | million acres mottly full million acres subsidiary and we have a product there |
| 1:01.6 | called Mogul in which we're looking at helping investors real estate investors get into interesting business and interesting commercial properties. |
| 1:11.5 | And Redfin is one that we discussed just out of |
| 1:15.7 | you know sort of obvious concerns. Austin is a really great real estate investor. He's |
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