Summary
- Commercial real estate company Newmark Group was completely spun out of BGC Partners, Inc. on November 30th, 2018.
- Fears of higher interest rates and the anticipation of weak holders following the distribution conspired to halve the value of Newmark in the back half of 2018.
- The share have risen nicely in 2019 and have seen some insider buying and offer more than reasonable valuation and yield.
- A full investment analysis on this "off the radar" real estate services concerns is provided in the paragraphs below.
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"Writers are the most tormented of all the different categories of artists that are out there in the world." - Janvier Chouteu-Chando
Today we look outside our usual focus on biotech to post some recent research on a small "off the radar" real estate concern. The stock has had a nice run so far in 2019. Therefore, we are updating our original research provided exclusively to Busted IPO Forum members one month ago on this relatively unfollowed company.
