Jul. 22 at 3:38 PM
$OPEN welp had a nice little run. So guess the rugs been pulled now. Guess we can lay it out, last earnings call they forecasted slower revenue and less house sales reduced inventory 3 & 4 quarters this year. While they do stand a chance to becoming profitable truth is while they post big sales they’re just a house flipper running on single digit margins. Anyone can make a billion dollars if you’re willing to spend over a billion to make it. For a much better fintech real estate stock that’s managed to increase double digit margins in the midst of a terrible RE market place look at
$FTHM. GL