Search


	Podcast:		Yet Another Value Podcast
	Episode:		Sean Iddings on the bull case for $EXPI
	Category:		Business
	Duration:		00:51:43
	Publish Date:		2021-08-06 15:00:00
	Description:		Sean Iddings, an entrepreneur and microcap investor, discusses his high conviction position in eXp World Holdings (EXPI). EXPI is a hyper growth company that is attacking the real estate brokerage business with an interesting model. Sean breaks down the business, the upside he sees in the company, and addresses some of the red flags surrounding the stock. Sean’s EXPI write up: https://www.thewoodshedd.com/posts/2021-07-09-highconviction-copy/#how-to-value-expi Sean's twitter: https://twitter.com/iddings_sean My notes on EXPI, including some interesting proxy details: https://twitter.com/AndrewRangeley/status/1423081507132936194?s=20 Chapters 0:00 Intro 1:25 What is EXPI? 8:55 How EXPI harnesses the power of incentives 10:05 Comparing EXPI to a multi-level marketing company (EXPI) 18:00 Why aren't we seeing operating leverage? 22:30 EXPI's expansion opportunities 26:30 Discussing EXPI's copycats 29:20 Is how the employees relate to the stock price concerning? 35:45 Veirbela and Success magazine; critical assets or overrated? 45:50 Sean's closing thoughts
	Total Play:		0