Here's Why I'd Sell Opendoor Stock -- And What I'd Buy Instead
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- เผยแพร่เมื่อ 30 ก.ย. 2024
- Opendoor (OPEN) more than tripled in 2023, and to be fair, the company’s results were significantly better than most analysts expected. But in this video, you’ll hear why two of our contributors think it could be a good time to take profits - and invest in another real estate disruptor instead.
A portion of this video is sponsored by The Motley Fool.
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Im going to take a guess b4 watching the video. I bet any amount of money hes pumping that garbage ass redfin stock. Now lets watch
lol. Nailed it. At least Tyler can be the voice of reason a little
If Redfin can't turn a profit in 2022 not sure in what environment they will be able. I think a better angle is on HD, LOW, TSCO, SHW.
Impeccable timing as always by Frankel 😂 Redfin is down like 30% since this video
6 rate decreases in 2024 forecast so i can see open doing well this year. 6-8$ a share possibly 10$ by end of the year.
I don't disagree. I just think the risk-reward makes more sense for RDFN (as in, it is better positioned to survive a bad housing market than OPEN)
@MattFrankelCFP I disagree opendoor to the moon this year
Its why you are poor
Lmnd is future based on your comments couple of years. BS ANALYST FOLKS.
He’s bullish the most garbage companies that have been absolutely crushed the last few years
opendoor probably would go bk, redfin isn't as good as Zillow business model wise.
Please cover AQST stock when you can
"A lot of inventory"? No, they don't. At 31 December 2022 they had $4.460 Billion of inventory, and at 30 Sept. there was $1.311 billion. 2022 Q2 sales were $1,976 billion whilst Q3 was $980 million. They seem to sell about half of the inventory per quarter, so we might expect sales of $500 million, or a decline in revenue of 49%. Still, I totally agree that this shrinking business is one to get out of. I can't say I agree that the stock climbed because of any business fundamentals, but rather an interest on the part of investors to buy shares with low share prices and large short positions. Good and thoughtful content, always. Cheers.
I'd still argue $1.3b in inventory is quite high for the company's market cap, which could be a big problem if, say, home values dropped by 10%. On the other hand, a home price drop could be a good catalyst for Redfin, as it would likely lead to more activity in the market.