The MLS for commercial real estate (LOOP, rated BUY)
July 12, 2008
Loop has enviable position as the de facto multiple listing service (MLS) for commerical RE in the US. They offer this service quite cheaply, much cheaper than anything CoStar is doing, and much more comprehensive.
Business looks a little shaky due to RE malaise, but the stock is now cheap for a long term grower. The negative effect of economy is baked in. Rent or buy/sell, the US will still need an outlet for commercial RE transactions in any market.
The MLS for commercial real estate (LOOP, rated BUY)
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