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Truebill is an absolutely amazing company. They have a very valuable app which benefits a lot of people, and they are on track to do 100 million dollars a year in revenue. They also just got acquired by Rocket Companies for 1.3 billion dollars.
I think that this was a genius idea for Rocket Companies. Their stock has definitely struggled since going public, and they have massive debt which makes the idea of owning the company not appealing. The market just isn't interested in them at all. However, they might be interested in Truebill.
Truebill is a great company. I imagine that there are a lot of investors who would love to own a part of Truebill. Truebill also has an amazing reputation as people are really big fans of the company itself. I think that this could possibly generate some good attention for Rocket Companies and might help fix their reputation at least a little. People might invest in them just to get to Truebill.
I'm not telling anyone to invest into Rocket Companies. I actually believe that that is most likely a terrible decision, but I think this does show a positive step in the companies future. This was a really good move on their part. It seems like they are trying to establish themselves in the fintech space which could be a good decisions as fintech companies are really popular right now. The stock did see a small bump in price today likely because of the news, but what really interests me is how the handle owning Truebill. I wonder if they will be able to grow it and manage it correctly.
I'm not going to invest in Rocket Companies at this time, but I am going to watch the stock from time to time and see if they continue to make more good decisions.
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