$RKT hits $35—that's our final word on this name (for now).
Citron has always respected Third Point's Dan Loeb—an event-driven investor with a calm, measured approach to asymmetric investing. So when he published his speculative call on Rocket on Seeking Alpha, we listened intently.
We admit: we weren't fully aware of the operational gap Rocket created.
As Loeb writes:
"While it takes an average originator 45 days to close a refinance loan, Rocket takes just 20—and this key metric continues to decline. In fact, over 50% of loans now close in less than 15 days."
This isn't just a technological advantage—it's a category killer.
Loeb did the job. The stock did the rest.
https://t.co/zLSWSGjpk4