DOUG how horrible is this company It used to be a fantastic company- They ruined it....
Douglas Elliman (DOUG) has faced significant challenges recently:
Stock price decline: DOUG shares have dropped 26% in the past month and 34% over the last year1. The stock price tumbled to as low as $1 per share, risking delisting from the NYSE5.
Consecutive losses: The company has reported eight consecutive quarterly losses. In Q3 2024, Douglas Elliman faced a net loss of $27.2 million.
Market capitalization plunge: DOUG's market cap has fallen from over $900 million at its IPO to around $100 million.
Underperformance: The company missed analyst expectations on unit growth, consolidated revenues, and adjusted EBITDA in Q2 2024.
Industry challenges: High mortgage rates and limited listing inventory are weighing on productivity.
Bearish sentiment: Current sentiment for DOUG stock is bearish, with the Fear & Greed Index showing 39 (Fear).
Activist pressure: An investor has called for the removal of chairman and CEO Howard Lorber due to poor financial performance.
Controversy: Sexual assault allegations have been made against two of the brokerage's former top agents.
The business model is what is horrendous. it is predicated in routing clinest away from well connected agents and into a small group of prioritized teams. The problem with teams is that have no class nor clue, and it deviates from the old and tested, socially connected business.
High End Lux Real estate is all about social connections. They have a male pon start there as their top guy... come one ...
