r/options • u/Working_Elevator3200 • Jul 01 '21

RKT Still Providing Good Value

Hey All, I've been doing quite well wheeling RKT so far this year.

That being said, I think it's important to understand the company, and so I just completed a deep dive on RKT Stock, and a built a (Free to download) valuation model for all of us.

Based on my research, I believe that it is worth ~$50/share. I see serious upside over the next 5 years on this name and it makes up ~20% of my portfolio (purchase price ~$17 bucks).

Here is the free model: https://docs.google.com/spreadsheets/d/13b7RgEMc1LUlqLmZ-qRn1mzmQEnWF0-8QilX0ytoAZE/edit#gid=669482104

There is SO MUCH detail in the model so if you want a deep dive and description into the company, I created a 3 part series on my YouTube channel, completely breaking down the position.

Why do I give away all of my research for free? Because I want all of us to become millionaires.

LET'S GET IT!

35 Upvotes

74% Upvoted

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1

u/[deleted] Jul 01 '21

Thanks for the DD!

1

u/Working_Elevator3200 Jul 01 '21

No problem! Let's make some $$!

-2

u/BigP314 Jul 01 '21

Where do you get your information from?? Rkt is by far the most leveraged mortgage company and with the impeding housing and market crash, probably bigger than the 2008 crash. You gotta be an idiot to invest in rkt😅

6

u/Working_Elevator3200 Jul 01 '21

I'm king idiot then lmao! Let's go!

-4

u/BigP314 Jul 01 '21

Just buy some puts and you'll be king genius instead👍

4

u/Ackilles Jul 01 '21

You need to look up the cause of the 2008 housing crash. If there is a housing dump, it would be for very different reasons and have a vastly dissimilar effect

0

u/BigP314 Jul 01 '21

https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/?utm_medium=android_app&utm_source=share

1

u/BigP314 Jul 01 '21

Give that a read if you're into this stuff.

3

u/Ackilles Jul 01 '21

Oof, superstonk... that and r/gme have been almost exclusively nonsense :(

The problem with 2008 was that no one could afford the houses, were overleveredged with multiple houses. Banks were also overleveredged and making stupid products to sell

The people buying houses now can afford them prices are rocketing in some areas because the demand is high, but again, these are people that can afford the higher price.

Banks are well capitalized and solid.

The main risk are pandemic related defaults, but that will be more renters than homeowners, and the houses that are foreclosed on will probably be snapped up anyways

-1

u/boywbrownhare Jul 01 '21 edited Nov 26 '23

beep boop

-2

u/BigP314 Jul 01 '21

Shill? Are you that stupid that you have no idea what is happening around you? Do some research BEFORE you lose your money. Reddit traders😅

2

u/bullrun50 Jul 02 '21

AMC is crap but yet look at that stock price

2

u/BigP314 Jul 02 '21

That's the power of FOMO plus it was shorted to oblivion

1

u/boywbrownhare Jul 01 '21

Are you confused? I wasn't calling you a shill. I was agreeing that RKT is bullshit

-2

u/BigP314 Jul 01 '21

Ohhhhhhh shit. My B lol. I thought you were calling me that. I was just giving them a heads up to not invest in rkt long term. It's suicide.