Can you tiptoe through the dot-com graveyard and scratch your head at the same time? No, not so much for the Internet companies that have gone the way of the dearly departed, but rather for those that are rocking today.
There hasn't been a remarkable uptick in flea market attendance or garage sales, yet eBay
So, it's equally fitting that as homebuilders and mortgage providers are riding the beneficial wave of rock-bottom borrowing costs, Homestore
Yes, Homestore has whacked its hand pretty good over the years with the hammers of accounting irregularities and shady acquisitions, but it's a new batch of executives running the home show now. If Homestore isn't turning a profit now, how bad will things get once interest rates begin rising and the housing market starts to cool?
Then again, the way successful Internet companies have thrived despite their sluggish bricks-and-mortar sectors, maybe a little real estate adversity will do Homestore some good. Nope? I don't think so, either. Well, at least I wouldn't go betting the house on it.
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