Good morning!
Ever see the 3-D video tours modern real estate agents put online to sell a house or apartment? RealBiz Media Group (RBIZ) makes them happen.
There are people on Wall Street who think RBIZ and its $30 million in technology would be worth several dollars a share in a merger bid.
With the RBIZ chart currently flirting with “oversold” signals down here at a mere $0.54-$0.55, you can bet that target represents vast opportunity:
The RBIZ story starts with the Home Tour Network, which you might have seen on hotel TVs from Vegas to Chicago to Atlanta and beyond.
But while running classified property listings on its channel helped RBIZ build a 7-figure run rate, it was clear that TV doesn’t sell houses on its own.
I mean, yeah, the channel is obscenely profitable with 90%-plus gross margins, but the advertising world has gone MOBILE!
So a few weeks ago RBIZ launched a mobile app called Nestbuilder that lets brokers push the listings to homebuyers’ phones (Read more)
Agents can pay for placement or even earn “social currency” for promoting each other’s listings, like they were liking links on Facebook or something.
Back in January 600,000 home videos had already been uploaded to Nestbuilder and RBIZ was targeting 65% quarter-to-quarter growth! (Read more)
Since the 250,000 brokers in the network pay to play with proprietary RBIZ video technology, that kind of rapid expansion is obviously exciting.
And I don’t know about you, but those numbers spell “critical mass” to me so simply maintaining the curve should bump the RBIZ fundamentals.
Remember, this was a 90% gross margin business even in the old TV version, so RBIZ may yet become a cash machine!
That’s what the first analyst to pick up active coverage of RBIZ was thinking when he slapped a monster target on the stock. (Read more)
Not sure how fast that forecast can play out, but what gets me going today is how RBIZ really does look close to “oversold” here at barely 50 cents.
Last time the RSI line got this close to the critical 30-point level, RBIZ was about where it closed yesterday -- only to surge to $1 in the next few weeks!
Are we hitting that big a “reversion to mean” bounce now? Early stages, but a chart like this can turn around mighty fast!
Recent short volume means the possibility of a rush to cover RBIZ is still wide open, and after yesterday’s action the shorts must be nervous!
Either way, with 70% of today’s homebuyers now searching online, video real estate marketing is not going away -- and RBIZ is front and center! (Read more)
Now get the chart on the center of your screen this morning and let’s see if that analyst is nuts about what RBIZ can do for us today!
See you soon!
