Financials: A Deep Dive Into Compass

Industry Focus

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4.6 • 854 Ratings

🗓️ 21 September 2021

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this week's episode of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP, take a closer look at real estate disruptor Compass (NYSE: COMP), which went public earlier this year. Hear Jason and Matt talk about what compass does, its strengths, the management team, and whether it can have a bright future even as iBuying gains traction.

Transcript

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0:00.0	Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day.
0:11.0	I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seyphill. I'm Dylan Lewis. And today
0:16.0	we're talking financials. Today we're talking consumer goods. Wild Card Wednesday.
0:20.6	And we're talking energy. And today we're talking tech. Let's dive in.
0:24.3	It's Monday, September 20th. I'm your host, Jason Moser and on this week's financial
0:31.2	show we're taking a closer look at real estate technology
0:34.4	company compass. Joining me he's my partner in crime folks you know who it is
0:39.1	certified financial planner Matt Frankel. Matt how's everything going?
0:43.0	Good I'm really excited about this one. We haven't done a deep dive in a while and I feel like the fool in general we've just kind of really overlooked this one because we've been paying more attention to the really disruptive eye buyers and things like that
0:55.1	and ignoring kind of the traditional brokerage model.
0:58.0	You know I'm glad you said that because I felt like digging into this company that I felt the same exact thing. It seems like it
1:05.6	has just completely flown under the radar in our universe here and I'm not sure why, but we're
1:11.9	going to remedy that today, Matt, is we're going to remedy that today Matt is we're going to be talking
1:15.5	today about compass which is a real estate technology company ultimately
1:20.8	geared towards providing software and tools to the agents, right?
1:25.2	I mean this is not a platform like a Zillow or a Redfin for example.
1:30.1	I mean this is something that is providing the tools for agents to be successful in an industry that is certainly
1:38.8	undergoing a lot of change thanks to technology and I think for the most part in a good way.
1:47.0	But you know Matt real estate has traditionally, it has been a very difficult model to disrupt from just the old traditional get a real estate
1:59.9	agent to buy or sell your home you're going to pay a hefty commission to do that to the tune of 6% or so in many cases.
2:07.0	We're seeing some companies coming to the market now that are trying to disrupt that bring those costs down.
2:13.1	Redfin for example is really helping to bring those commission costs down.
	...

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