Purplebricks: Leading a revolution, without a moat

Wednesday 26th July, 2017 Executive Summary I believe Purplebricks is an interesting short with ~90% of downside.  The business offers a commodity product, at the highest prices in the market, in an industry with low barriers and dozens of new entrants.  Rapid adoption of its “Fixed Fee” model in the UK is being extrapolated intoContinue reading “Purplebricks: Leading a revolution, without a moat”