- On Friday, I see a change in tone of management on twitter where they focussed on value creation and self-reflection of the business which is nice to see when you invest in a business.
- Previously,
OPEN was a trade for me where I made a multibagging return by going long with an average of 0.71 cents and selling out of position by $4.8
- I have re-considered addingOPEN back especially after Carrie Wheeler tweet where I have seen accountability, passion and returning value to investors for the first time in 5 years.
- Therefore, I am willing to give it a try. I would like to see it in actions and not only on tweets. Some steps they can take include:
1. Cancelling reverse stock split as it is not required now.
2. Insider buying at these levels to show trust in their plan of action for the business.
If they do these then this stock can certainly break the $5 wall and try to get to double digits.
- Previously,
OPEN was a trade for me where I made a multibagging return by going long with an average of 0.71 cents and selling out of position by $4.8- I have re-considered adding
OPEN back especially after Carrie Wheeler tweet where I have seen accountability, passion and returning value to investors for the first time in 5 years.- Therefore, I am willing to give it a try. I would like to see it in actions and not only on tweets. Some steps they can take include:
1. Cancelling reverse stock split as it is not required now.
2. Insider buying at these levels to show trust in their plan of action for the business.
If they do these then this stock can certainly break the $5 wall and try to get to double digits.
Note
3. The investors of OPEN deserve Investor day presentation. It doesn't have to be cash intensive like some companies do. Even a virtual presentation + QnA of product roadmap would be a good start. This will allow investors to see what's coming as a product feature in upcoming quarters. Note
Building on the momentum and transparency, blog by CEO for the shareholders:opendoor.com/articles/our-path-forward
Note
If you all missed this crucial line:"We see a clear future path to attaching additional revenue via agents, expanding into adjacent seller services to provide a more seamless move, and generating incremental income via areas such as mortgages, home insurance, home warranty, and other moving services"
They are and should double down on capital light additional stream which could generate additional sources of income.
Note
Quite happy to see:We are committed to ongoing, transparent communications. This blog is just one in a series of posts designed to address questions and provide deeper insights into where we’re going. Our next post will cover our AI roadmap and product innovation that will drive the future of Opendoor.
My point #3 will be taken care of by this effort of management.
Note
- I hope they cancel reverse stock split #1 as it is not required now and it is bad for shareholders and will lead to loss in confidence. - Lastly, I would like to see management team buying shares as that will instill confidence in the shareholders #2
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.