A ommissioned research report by an analyst from the Fundamental Research Corp (FRC) did a deep dive into the finances and prospects of eXp International. FRC does not own any shares of eXpi the subject company, does not make a market or offer shares for sale of the subject company, and does not have any investment banking business
with the subject company.
Two key factors in the recommendation is that eXp generates positive free cash flows, and maintains a healthy balance sheet with no debt. FRC is initiating coverage on eXp with a BUY rating and a fair value estimate
of $3.35 per share as of April 5, 2016. The price at the time of the buy rating was $1.17.
The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the Company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the Company’s expansion, revenue growth, operating results, financial performance and net income changes. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Annual Report on Form 10-K.
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