Mike Arnold
Long only, small-cap, tech, growth at reasonable price

Wait For A Better Entry Point On ZipRealty

(Editors' Note: This article covers a stock trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.)

Executive summary:

  • ZipRealty (NASDAQ:ZIPR) is experiencing softness in the real estate markets it serves.
  • After a brisk 2013 for real estate sales, ZipRealty faces tougher comps.
  • Powered By Zip ("PbZ") remains a small, but growing portion of the business.

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ZipRealty ("Zip") didn't have the kind of conference call yesterday that instills the animal spirits in investors. In January 2014, Zip pre-announced its Q4 2013, and indicated that it experienced a slow down in transaction volume year-over-year. In conjunction with the pre-announcement, Zip also indicated...

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