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The maths doesn’t add up. I recently wrote a brief note about Opendoor Technologies (OPEN), as a meme stock that looked like its run might be ending. Whoops. The stock has skyrocketed since. I'd just like to introduce a touch of mathematical truth. One of the simplest, but most effective, relationships I've known in my career (and one I frequently return to) is the fact that the PE of a stock equals its Price to Book ratio multiplied by the inverse of its return on equity, i.e.: PE = PB x (1 / ROE) In other words, splitting a PE ratio into a growth component and a valuation component. Opendoor has a PB of roughly 6x. So this implies an expectation from the market that its ROE will stage a huge rally (from a current level around NEGATIVE 40%). I won't go into the algebra here, but it is possible, using discounted dividend or discounted cashflow relationships, to back out what the market price implies the ROE of the company needs to get to, and stay at in the long term, to justify the current valuation. A VERY generous approach (in Opendoor's favour) to this problem implies a ROE of 20-30%+...FOREVER. Companies don't do that. Not forever. I don't know what Opendoor is going to do tomorrow or next week, but I do know that the maths doesn't add up. #Opendoor #OPEN #stocks #investing #stockmarket #valuation #finance #finmath #memestocks #PE #PB #ROE

Opendoor chairman says company only needs 200 of its 1,400 employees: 'I don't know what most of them do' https://lnkd.in/dhmH2Phz #referindia #referindianews #timesofindia #technology #technologynews #NewsUpdate #TrendingNow #BreakingNews

I've seen my share of bold, bungled executive moves. but never anything like OPEN today. Opendoor Technologies,  a company with enormous potential to innovate in a broken industry, announces a new CEO and the return of two founders. The market cheers — shares surge nearly 79% in a single day. Then, less than 24 hours later, the newly appointed chairman, Keith Rabois, publicly declares in a CNBC interview, an 85% workforce reduction — while admitting he hasn’t even reviewed the financials. He criticizes the culture as "bloated" and “broken,” dismisses DEI initiatives, and openly states he doesn’t know what most of the 1,400 employees do. The result? OPEN stock collapses immediately. The lesson here is brutal but clear: strategy without discipline, authority without knowledge, and communication without timing can destroy value faster than any market force. In leadership, credibility isn’t optional — it’s the most valuable asset a company has.

Opendoor Technologies is riding high on a wave of AI excitement and meme stock enthusiasm, with stock prices soaring amid whispers of Federal Reserve rate cuts. However, beneath this optimistic surface lies a troubling reality: the housing market is facing significant challenges, and restructuring costs could dampen future growth. As investors celebrate the gains, they must also grapple with the risks that could undermine this apparent success. What happens when the hype meets the harsh truths of the market? Read more: https://lnkd.in/eH47uhQ6

#OPEN: Opendoor’s high-stakes turnaround hinges on reinventing itself as a capital-light, tech-driven real estate platform under new AI-native leadership. The company’s bold pivot offers immense upside but is fraught with execution risk and volatile financials. Speculative investors face venture-style risk, with recent profits driven by asset sales, not core growth. Can Opendoor’s transformation truly overcome its legacy challenges and reward risk-takers?

Opendoor has gone full meme stock, up ~600%+ this summer. Do the fundamentals back up the hype? Parcl Labs has tracked OPEN for years with an event-level dataset on real-time activity. With interest spiking and a lot of noise, we shipped a daily-updated $OPEN tracker with objective analytics so anyone can keep tabs on performance. What it shows today: ⏳ Q3 progress: $539.5M revenue, 64.4% to target 🏚️ Aging inventory: 38% of active listings are 120+ days on market (margin drag) 💰 On-market: 1,890 homes. Avg list $405,400. Avg cut 6% 🛒 Purchases QTD: 366 at an average $263,248 👀 Homes left to sell: 735 In addition to real-time OPEN KPIs, we provide the context that matters: vs. competitors: benchmark Opendoor and Offerpad side by side. vs. market: layer market-level housing conditions onto Opendoor’s footprint to understand their exposure to local headwinds - for example, Tampa, where seller motivation is elevated and price pressure is high. Plus a property-level downloader so you can build your own KPIs. All available in the Parcl Labs app. Institutional-grade alpha, open to everyone. Links to the tracker and our latest OPEN research note in the comments. #opendoor #OPEN #housing #data

📊 Online Hype: Why Retail Traders Are Obsessed With Opendoor 🚀 Retail investors are driving meme-stock momentum in Opendoor 👔 Leadership changes + new CEO have energized the community 💵 A fresh capital raise adds more credibility (and speculation) 🎢 But fundamentals remain risky: housing slowdown + no profitability 👉 For professionals: Opendoor is a perfect example of narrative-driven markets where online hype, retail energy, and meme culture overpower fundamentals. #Opendoor #RetailInvesting #MemeStock #Markets #InvestorCentralClub

A 14% SURGE for Opendoor Technologies today, yet the broader U.S. market delivered a truly mixed bag. 📈 While the Dow Jones climbed 0.6% to 46,018, both the S&P 500 dipped 0.1% and the Nasdaq Composite fell 0.3%. What's driving this divergence and what does it mean for your business? The Federal Reserve cut interest rates by a quarter-point, bringing the range to 4.00%-4.25%. This was initially seen as bullish, but Fed Chair Powell's caution against over-relying on future rate forecasts injected significant "chop" into the market. We saw 17.11 billion shares changing hands – higher than usual – as investors actively navigated this uncertainty. Beyond the macro picture, savvy investors focused on micro-trends. Opendoor's impressive 14% jump today (extending its 760% six-month rally!) and Workday's 8% gain from a $2 billion investment highlight specific sector and company-specific tailwinds. Conversely, NVIDIA dipped 1.6% due to new China chip restrictions, a stark reminder of geopolitical risks impacting even market leaders. This market is clearly discerning: positive news for individual companies can buck broader trends. It's not just about the Fed anymore; it's about identifying where true value and innovation are gaining traction. 💡 Is this market's mixed sentiment a healthy re-evaluation, or a sign of deeper uncertainty for businesses ahead? What's your take? #StockMarket #USMarkets #InvestmentInsights #FinancialMarkets #MarketUpdate Disclaimer: This is not a financial advice. Please do your own research before making any investment decisions.

#Opendoor’s new board chair, #KeithRabois, plans to cut the company’s workforce by 85%, citing a “bloated” workforce and the negative impact of #remotework on #companyculture. Rabois believes the company needs to return to its roots of #inperson #collaboration and #innovation. https://lnkd.in/eNFVKWmV #tech #media #news