Posts  / #POST-254062
REDDIT

Is anyone looking on CSGP (costar group)?

Stock cut to 1/3 of it's value from a year ago, They have cash cow from the co star terminal ( like a Bloomberg terminal for commercial real estate). They also have apartments stie and lands site that are a okay. But their ceo still burning like half a bill on his zillow competitor, and thats after a 300M investment cut.. all to get barely 100M$ Annual run rate. If we strip a the business they could probably do 600M net income and still grow at double digits, and this on a a 11.7B market cap with net cash less debt of about 3B.. Is anyone touching this? The hedge fund third point that tried to make some changes their failed and exit the position.. Is anyone willing to take the chance that this "Brilliant" Ceo will stop burning cash?