Buy BETR by Dec 11, 2026.

I think Better Home & Finance ($BETR) is an interesting situation for value investors because there are really two separate things happening at once: a deeply out-of-favor mortgage business operating near the bottom of its cycle, and an unusually aggressive fight over who gets to control the company if and when that cycle turns. The first part of the thesis is pretty simple. Mortgage has been a terrible place to be for the last several years. Volumes collapsed after the …