Equity Field Notes from temporal sources

[DanWebzster]

RKT has a reputation as an innovator in the home mortgage industry.

At a pps of 24.50, RKT trades at a PE of 10 and a forward PE of 16.6. As a benchmark WFC trades at a forward PE of 12.

In the first earnings release as a public company, revs grew 437% YOY withe expenses rising 24$, mostly due to variable compensation.

What makes RKT an interesting speculation to some is that the company might be in a position to have a bigger portion of a smaller pie in a shrinking market.

The CEO has indicated that he could maintain growth while laying off higher paid staff.

This may be a swing trade on an Alexander Elder daily set-up.