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$RKT You potassium deficient apes πŸ’

I haven’t gotten laid in three days so I’m not in the mood of anyone’s bullshit. With that out of the way, let’s get down to business. I’m in no way a hater of meme stocks and I happen to own plenty of Clover, Sofi etc because I believe in the companies that I’m investing in. What pisses me off is the utter neglect of RKT while you apes are loading up on complete bullshit companies like Wish, cow farts etc.

There’s plenty of good DD on here if you ape brains are able to find the search bar but allow me to give you a couple of highlights.

1. Q1 2021: $4.6B in revenue, 236% YOY increase.
2. 90% customer retention rate
3. RKT enjoys approx 10% of a 3.5T consumer lending market.
4. Recently launched Rocket homes, Rocket Auto etc. Both of these have massive potential, Zillow anyone?

Now let’s get into the bullshit FUD that has been keeping this stock near its IPO price.

Housing bubble blah blah, you’ve been watching too many YouTube videos. Yes housing prices have been going up but you have to look deeper and you’ll see that’s its because of the pandemic and more people are working remotely making this a opportune time to move to the suburbs etc. The 2008 housing crisis was a direct result of subprime mortgages but there’s none of that these days. Speak to anyone applying for a mortgage and they’ll tell you that banks are very strict these days and qualifying for a mortgage has never been more tedious.

Housing market is cooling off but May’s pending home sales were up 8% vs a negative number expected.
Rockets CEO projected lower gain on sale margins on the conference call because he believed at the time that the yield on treasuries will rise in Q2 due to all the inflation talk but that hasn’t happened. If you are lazy to check, the yield on the 10 year is 1.32% which is far lower than anyone expected. Bottom line is you have a company that is severely undervalued and this stock will be $60 in the not so distant future and you’ll be kicking yourself for not pulling the trigger below $20. Oh did I mention anything about the 1B pending stock buy back?

Position: 15x $25.89C 1/21/22

Tldr, RKT CEO is not a little bitch unlike the “other” mortgage provider.
Obligatory πŸš€πŸš€

Not financial advice, I’m certified retarded!

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20 Comments

  1. lol ok like I’m in a relationship and have gotten laid in the past three days but have been single for so much of my life and when people are like β€œI haven’t gotten laid in a week” like boohoo. Also was I supposed to read something other than first sentence? Can’t make me read. Don’t wanna miss out tho I’ll just buy and suck my thumb like a goddamn big boy.

  2. But don’t they just facilitate the loan? Now that rates are starting to rise, people getting house loans will cool off or refinancing will slow/stop. How can this company continue to have a golden outlook when this past year has been the best opportunity and it theoretically only gets worse from here on out? I think the valuation is low now but reflects long term outlook.

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Elon’s feed is being bombarded with negative copy-pasta. Someone doesn’t want Elon / crypto to succeed right now