Rightmove (LSE:RMV) develops and operates a website that lists real-estate properties throughout Britain, similar to the multiple-listing service used by U.S. real-estate agents. The company’s stock price declined in the face of increasing competition and concern that the housing market may be cooling off. We continue to believe both ASOS and Rightmove have attractive long-term growth prospects.
From Wasatch International Growth (Trades, Portfolio) Fund Q2 2014 Commentary.
