What's up today?
Is there anything in particular for a -9% day? Are they issuing shares?
Is there anything in particular for a -9% day? Are they issuing shares?
I’ve been seeing so many posts on this thread either complaining or asking why the stock just goes down and why won’t it go up.
People that are posting these threads need to do more due diligence and understand how this stock reacts in the macro environment we are in today.
Mortgage rates are at a 3 year high. When rates are high people arnt building homes, they can afford to sell their home and buy a different one because of the financing so R&R (repair and remodel) is also being pressured.
Interest rates are also mooning because of inflation mainly due to oil prices and tech prices. Commercial construction doesn’t do well in a high oil high interest rate environment. Putting pressure on commercial projects.
So there you have it, QXO is getting hammered because the macro environment for their business is getting hit probably the hardest out of any sector.
Not to mention QXO is in a massive transition period of integrating the companies they have bought. Rumors are it’s harder than expected.
The company had always traded at a premium due to jacobs, the premium had compressed a bit. Relax and hold or sell your shares to me.
Thank you for your attention to this matter!
Thought we’d at least get a little bump with the market doing pretty well recently, but this thing isn’t moving at all. Drops like a rock when the market’s down, but barely moves when it’s up lol.
Hey guys, I was talking to ChatGPT about QXO some more tonight, and it linked me this QXO/TopBuild town hall which was really informative and insightful into this accquistion. I don’t know if many of you have read it or seen it so I don’t know if I’m being redundant here but nevertheless give it a read when you get some time very interesting stuff, thanks.
Does QXO do any earnings call ? I know there are two investor Q&A’s available to read through, but does management not do any earnings calls whatsoever?