Good Morning Trader!
Ever see those 3-D video tours that modern real estate agents put online to sell a house or apartment? RealBiz Media Group (RBIZ) might be what makes them happen.
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 very nice 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 (revenues vs costs), 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 said it 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 it’s possible that RBIZ may yet become a cash machine!
That’s what the first writer to pick up active coverage of RBIZ was thinking when he slapped a monster target (though probably overly optimistic) on the stock. (Read more)
Not sure how that forecast will play out, but what gets my attention 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 due that big a “reversion to mean” bounce? Recent short volume means the possibility of a rush to cover RBIZ is wide open.
Beyond that, with an estimated 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 whether that analyst is nuts or what RBIZ can do for us today!
Have a great day, and...
May all your trades be green!
