Page Group Q3 Results Indicate Market Stabilization
"Page Group had their their third quarter results today and it follows two of their peers. So, we had Hayes last week and Robert Walters yesterday and and essentially it's together they're pointing to this trend um of the market starting to improve. It's been really battered over the past year longer and their their results collectively are are showing kind of slight upbeat market. So, Page Group this morning had a milder drop in gross profits in the third quarter when you compare it to the first half. They said that um Europe the European market is still tough. They they noted what they call subdued confidence and sentiment, but the US and Asia are uh stable. They're saying clients are still risk averse. You know, budgets are tightening, but they're on track to hit their four-year goals. Um they're doing also doing a lot of cost cutting work. So shares are higher about 6%."
The commentary on Page Group indicates a modest turnaround in the recruitment sector with Q3 results showing less severe profit declines and ongoing cost-cutting initiatives, amid mixed global market sentiment.
Zillow Shares Decline Amid FTC Scrutiny Over Partnership
"Zillow fell by 4.3% as the FTC launched legal action over its partnership with Rocket Companies, a deal that had previously involved a $100 million upfront payment to facilitate advertising agreements."
Zillow is experiencing a decline, down 4.3%, following regulatory scrutiny regarding its strategic partnership with Rocket Companies. The FTC is concerned that the deal could shrink competition in the apartment listings market, adding a regulatory risk factor to Zillow's outlook.
![[REPLAY] Jason Jessup: Building a $1B+ Mining Company with Magna Mining (2024)](https://d3t3ozftmdmh3i.cloudfront.net/production/podcast_uploaded_nologo/2862374/2862374-1613085518959-c8592d1bd21bb.jpg)
Low Equity Dilution and Capital Efficiency as a Value Driver
"One of the key drivers of share price growth at FNX was our ability to generate enormous free cash flow without diluting shareholders aggressively. I took great pride in ensuring that the company was bootstrapped and that we did not issue too many shares, preserving higher earnings per share and maintaining a healthy stock price."
Drawing from his FNX experience, the CEO emphasizes the importance of low equity dilution and capital efficiency. He suggests that Magna Mining's adoption of a similar approach could be a competitive advantage, enhancing shareholder value over time.
Zillow Poised for a Boost from a Revival in Real Estate Activity
"Zillow, trading under the Class A ticker ZG, is set to benefit when financing rates move markedly lower. As lower rates breathe new life into a depressed residential market, increased buyer demand should drive more traffic to Zillow's apps and websites, benefiting their real estate advertising revenues."
Rick Minars points to Zillow (ZG) as a compelling trade idea. With residential real estate set to revive due to dropping mortgage rates, Zillow is expected to see increased web traffic and advertising revenue. This turnaround is supported by double-digit revenue growth and accelerated adjusted earnings, making it a potential short- to medium-term bullish play.