Ok, I'll do a DD without too much text, numbers we want!
$OPEN sells houses. Simple.They got hit hard by the pandemic and had to cut 30% of the people. Right now they are recovering, growing and gaining marktet share. I don't want to do much of a TA, don't feel like i'm spot on with thise things. But I do recognize a company what's worth the investment!
You can see that they had a loss of revenue and profit but they acctually managed to get a better ratio of revenue/profit. (2019 was 6%, 2020 was 9%)
The last 3 months $OPEN dropped big, from $35 to $15. The last 2 weeks it has been stabilizing with some days om small greens and a few small red days.
If you look at the bigger picture you could also say that there is a -chance- for a cup forming since 4/20 (hihi) wich indicates it can go back up to $20 this month.
"In early 2020, Opendoor expanded services to more cities in partnership with Redfin. Later, the company laid off 600 employees, which made up 35% of its team, partially due to business impact from the Covid shutdown."
So let's say in 2020 they had 1800 people working at $OPEN, that was in the beginning of 2021 somewhat around 1200. The amount of vacancies right now is around 200, this ain't that much but it indicates that there is grow again.
If you don't agree, please tell me why $OPEN is shit.
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