White Diamond presents short thesis for eXp World Holdings

ValueWalk’s fourth Contrarian Investor Virtual Conference is in the books, and one of the presentations during the conference was from researchers at White Diamond Research, who covered eXp World Holdings. They described it as “a bubble about to burst.”Q3 2020 hedge fund letters, conferences and moreeXp World Holdings surgesWhite Diamond noted that eXp’s stock price has surged more than 400% since mid-May, carrying its market capitalization to $3.3 billion. The company’s closest peers are ReMax and Realogy, which have market caps of $630 million and $1.1 billion, respectively. eXp’s gross prof…

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HEDGE accordingly