It’s not about the market. I’ve followed a lot of their transactions and they buy too high and sell too low. They will buy a house for 300, resell it for 250, buy it again a few years later for 500 and resell it for 450. They outbid every flipper for properties, don’t renovate them, then end up losing on the sale
@@ryanledbetter-iq5cn They replaced the founder guy with a new CEO, who probably knows the problems. They've been all over my neighborhood, at times. The homes sell pretty fast.
Entered at 2.30. Still waiting for these amazing numbers to arrive with the more optimistic housing market. The short term was that people would buy it up over rate cut news
That’s a great analysis Matt! I personally hope we go from the low $2 range to these Carvana trading numbers within the $100! It would be an amazing investment opportunity if that worked out on the same kind of Carvana time frame! Let’s go OPEN ticker symbol! 📢🚨🚨🚨⏰🐂🐂🐂🐂🐂🐂🐂🐂. The coming 🐐
Hello Matt. Thank you for the video. Do you think OpenDoor is experiencing the same price action/history as Carvana ($CVNA)? I believe it's the same concept but in a different sector that would eventually become the future in the I-buying experience. The real estate market is a sector that has only improved with companies like Zillow and Realtor, with maps, videos and photos but no one has cracked the code for the I-buying experience - meaning OpenDoor can stand alone if they survive. What are your thoughts when you analyze both concepts in different sectors? Carvana was making over $5k in profit per unit in 2023 after facing bankruptcy, where as OpenDoor can make well over that amount with a 5 to 7 "target range". Is this telling us that once this company shows it's first profitable year the numbers would be in the billions (price share over $100) in a stable market and with low interest rates approaching. Thanks!
Fair question. Opendoor's execution has been decent, but the Q2 numbers were pretty awful. The business really needs to be able to work in any real estate climate if it's to succeed. Glenn Kelman at Redfin seems to understand this concept better.
I hope people keep it from being re-organized, so when it's in a better market, we all do well.
It’s not about the market. I’ve followed a lot of their transactions and they buy too high and sell too low. They will buy a house for 300, resell it for 250, buy it again a few years later for 500 and resell it for 450. They outbid every flipper for properties, don’t renovate them, then end up losing on the sale
@@ryanledbetter-iq5cn They replaced the founder guy with a new CEO, who probably knows the problems. They've been all over my neighborhood, at times. The homes sell pretty fast.
@@ryanledbetter-iq5cn Agree. Only worth a swing trade ATM
Entered at 2.30. Still waiting for these amazing numbers to arrive with the more optimistic housing market. The short term was that people would buy it up over rate cut news
That’s a great analysis Matt! I personally hope we go from the low $2 range to these Carvana trading numbers within the $100! It would be an amazing investment opportunity if that worked out on the same kind of Carvana time frame! Let’s go OPEN ticker symbol!
📢🚨🚨🚨⏰🐂🐂🐂🐂🐂🐂🐂🐂. The coming 🐐
I may finally take the plunge this week...just a nibble at first though!
$100....too crazy
I've been wondering what you think about SOUN. Zack's has it as a sell, but Stock Investor has it as a Buy, as of Friday, May 10th.
Hello Matt. Thank you for the video. Do you think OpenDoor is experiencing the same price action/history as Carvana ($CVNA)? I believe it's the same concept but in a different sector that would eventually become the future in the I-buying experience. The real estate market is a sector that has only improved with companies like Zillow and Realtor, with maps, videos and photos but no one has cracked the code for the I-buying experience - meaning OpenDoor can stand alone if they survive. What are your thoughts when you analyze both concepts in different sectors? Carvana was making over $5k in profit per unit in 2023 after facing bankruptcy, where as OpenDoor can make well over that amount with a 5 to 7 "target range". Is this telling us that once this company shows it's first profitable year the numbers would be in the billions (price share over $100) in a stable market and with low interest rates approaching. Thanks!
you've been fooled by Luke Lango
so why has the insider selling been massive?
Fair question. Opendoor's execution has been decent, but the Q2 numbers were pretty awful. The business really needs to be able to work in any real estate climate if it's to succeed. Glenn Kelman at Redfin seems to understand this concept better.
They will be profitable soon, and the stock will be 10+
Did you buy yet?
We gong to the moon? Loaded up on 2$ calls