Hello everyone,
LRHC ran up 20% this morning and has now pulled back a bit. As we have seen so many times before this could provide a great swing opportunity.
original report below
Not your typical micro-cap IPO, this one has $55m in revenue for the trailing 12 months up from $46m in 2022.
Gross profits of $4.42m for the trailing twelve months.
Recently IPO'd real estate franchise (Royalty Business) could make the best home in your portfolio in uncertain times.
La Rosa Holdings, Corp. (NASDAQ: LRHC)
With just 6.25m shares in the float, we think this one could bounce from the current levels around $2.90/share. This is following an IPO price of $5.00.
Two things come to mind when I think about the real estate business. While attending a conference many years ago I recall controversy over Century 21's CEO saying “I am not in the real estate business, I am in the royalty business”
The second is, that real estate will always be in demand because we are not making any more of it.
Real estate acts as a flight to safety during uncertain times the same way gold and silver do.
Take a minute to read the full LRHC report here. https://broadstreetalerts.com/wp-content/uploads/2023/10/LRHC-FULL-BSA-REPORT.pdf
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The Team
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