[VIP] Realogy, Q4 and Full Year 2019: Darkest Before the Dawn?

I realize this is almost two weeks after Realogy reported, but... between international travel and my computer giving up the ghost, it's been a bit of a challenge to write this.

It likely would have been a challenge anyhow, because of how much I like Realogy (I have written often about my biases). Q4 was not pretty, although maybe there are some reasons …