2019 Will Be Hard To Match For Frontdoor

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About: frontdoor, inc. (FTDR)
by: Anomalous Investor
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Anomalous Investor
Long only, long-term horizon, mid-cap, small-cap
Summary

Shares surged after the spin-off from ServiceMaster.

Operating metrics are much improved.

Growth initiatives must be balanced with heavy debt load.

Since being spun off from ServiceMaster Global Holdings (SERV) in 2018, frontdoor, inc. (FTDR) has made significant progress in gross margins and adjusted EBITDA, and as a consequence, shares rose significantly