Thinking of investing in Zillow (ZG) ?
Marc Chaikin, founder and CEO of Chaikin Analytics, compared the company to a "landmine" in his webinar with Jim Cramer Wednesday, Nov. 7.
Cramer jumped in and said, "if you have Zillow in your portfolio, it's going to ruin you."
Those are some pretty strong words coming from two stock market veterans. Chaikin defended himself by saying that he'd rather bet on Sam Zell than Zillow.
Cramer said that the reason that the stock is suffering--it's down over 26% year-to date--is because it's desperate. Chaikin said the company's "business model is ridiculous."
Zillow reported earnings Wednesday, Nov. 7.
"Revenue totaled $343 million, up from $281.84 million a year ago, but missed Wall Street's expectations of $343.7 million. Zillow posted quarterly earnings on an adjusted basis of 18 cents a share, 1 cent better than analysts' estimates," reported TheStreet contributor Rob Lenihan.
Looking ahead, Zillow said it expected fourth-quarter revenue to range from $340 million to $357 million, falling short of Wall Street's expectations of $368 million.
Curious to hear what else Chaikin and Cramer have to say about the market? Watch the full webinar here.