Allan Dalton, CEO of Move Inc.'s (NASDAQ:MOVE) Realter.com, launched a remarkable attack on competitor Zillow at a recent realtors' conference. Zillow president Lloyd Frink claimed in a speech at a California Association of Realtors conference in Long Beach that Zillow wouldn't disintermediate real estate agents. Mr Dalton, who was scheduled to talk next, opened his speech with a stunning 15 minute attack on Mr Frink. Here's a short video excerpt of the juciest bits:
The speech highlights the competitive positons of the two companies: Move Inc. is allied with realtors, whereas Zillow (despite Mr Frink's claims) threatens realtors by attempting to dispell the key information inefficiency -- home valuation -- that forces home sellers to pay up for realtors.
You can take either side of the realtor disintermediation bet by going long or short stocks like MOVE. Privately-owned Zillow has raised $57 million; MOVE has a market cap of about $700 million.
Thank you for your interest in Seeking Alpha PRO We look forward to contacting you shortly for a conversation.
Our PRO subscription service was created for fund managers, and the cost of the product is
prohibitive for most individual investors.
PRO Alerts is our flagship product for individual investors who want to be faster
and smarter about their stocks. To learn more about it, click here.
If you are an investment professional with over $1M AUM and received this message
in error, click here and you will be contacted shortly.
Thank you for your interest in Seeking Alpha PRO We look forward to contacting you when we have an individual investor product ready!