Hey Shail,
At this point, both myself and Dan who hold REAL are staying put and our cost basis is in the 20s. Slowing re-mortgage activity is impacting the company and that elusive Tier 1 client continues to impact them. That being said, the company is still growing at a rapid clip and there is no reason for the company to be as cheap as it is.
Negative momentum can be a powerful headwind and for this reason, we are just comfortable holding and waiting to see how this all plays out. We still like the company but are not adding here since there is just too much negativity around the stock right now. We'd like to see some meaningful progress and the company to land that Tier 1 client it has been talking about for the better part of the past year.
Mat