I’m a bull but not foreverThe clock is ticking on real matters.The company is wasting valuable time and everyday they waste waiting for covid waivers to end and get back to normal is a loss to shareholders.
By far in the USA,which is 90+% of reals revenue,the most popular mortgage term is 30 years.The amount of home owners who have refinanced in 2020 is huge.average refinancing numbers in 2019 and early were 1 million per week according to the refinancing index,released every week.in 2020 those numbers are 4 million per week.obviously 4x volume.needless to say with rates this low owners are locking in now,not only to get lower payments but also because rates will go up eventually.yeah yeah,not even thinking of thinking of thinking was the tag line but as I stated,MOST mortgages are 30 year terms...........30 year terms gang.soon in the future,volumes will drop again and volumes will then be below average volume because everyone already has refinanced for 30 years.
All say here including me that real matters future looks bright but does it really.their best time is now and Covid has both made volumes high,but waivers have capped the profit rise.its only a matter of time until the volumes drop 4+ times below now and so does real revenue.
This is why the stock has crashed gang.the last quarters were reals big chance and they failed not because of the company but because of circumstances beyond their control.2021 is reals last chance.even if they come out with new revenue streams or buy new companies they have a huge problem that the core company is headed into a time of low volumes.
I will sell out by end of 2021.hopefully with a profit.
In the long term 2 to 10 years or more,the future is bleak.
I was tricked by the high volume and low mortgage rates,but there’s been a cruel joke of real life circumstances that screwed real matters future growth.
I know it’s hard to admit,but it’s the truth.
What made us all buy real matters stock is the same thing that will destroy future growth.it all came at once,and waivers took what should have been a huge tidal wave of profit and turned it into a ripple.if you get your money back or make a profit good for you but don’t hold on too long.