Zillow Inc. — which in recent weeks has seen its share price slide from nearly $100 down into the $80s after short-seller research firm Citron Research questioned the company’s business model (again) — is still a buy, says The Street’s Jim Cramer.
Cramer has talked to Zillow CEO Spencer Rascoff, who said the portal is hurt by trends in the housing market more than the public expects, but sees opportunities for expansion in markets like New York City. Cramer thinks the company has room to grow. Source: wallstcheatsheet.com
