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Cramer: Zillow’s home-flipping plan is too risky even with a new CEO – The Florida Post

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 · Then they decided to move into a totally new, totally risky business at what may be the worst possible time, and the stock has since cratered.” And while Cramer remains a fan of Zillow CEO Spencer Rascoff, who appeared on “Mad Money” in May to discuss the home-flipping move, he couldn’t steer investors towards the stock.

I’m not yet sold on the new Zillow, even with a much better class of CEO," Jim Cramer says. "I liked the old Zillow, even if it was slowing down a bit, as it was a lot less risky. Cramer: Zillow’s home-flipping plan is too risky even with a new CEO

It’s too early to make a bet on Zillow and its fledgling home-flipping business even under new management led by co-founder Rich Barton, blovnews.com’s Jim Cramer said Tuesday. The online real estate marketplace expects core business revenue to grow 56% within the next five years, but their cash-burning plan to buy and sell homes could take just as long to realize $20 billion in annualized revenue.

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 · Cramer thinks that’s too long to wait and see if the program will work. "I liked the old Zillow, even if it was slowing down a bit, as it was a lot less risky," the "Mad Money" host said.

Now, it is much more common for the board of directors to pick the CEO’s successor, though they too. post-meeting habit that can help improve efficiency in meetings, according to Business Insider..

"I liked the old Zillow, even if it was slowing down a bit, as it was a lot less risky. I’m not yet sold on the new Zillow, even with a much better class of CEO," CNBC’s Jim Cramer. It’s too early.

 · A rise in wages and continuing low supply has put UK house prices on the up again, according to the latest figures. This year has seen prices taper off, with many areas of London recording falls in sales prices. But today Halifax said house prices increased at the fastest annual rate since last November in [.]

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