Hedge fund manager George Noble criticized iBuying platform Opendoor Technologies Inc. OPEN, which has seen a monumental 1,776% rally since hitting an all-time low in late June. The Business Model ‘Does Not Work’In a post on X, Noble, who has founded two billion-dollar hedge funds and was an assistant to famed investor Peter Lynch, called Opendoor “total garbage,” while warning investors against believing in its long-term viability. “The company has lost money every single year since its founding,” Noble sa ...

The company has turned into a soaring meme stock rather quickly.A soaring stock market has seen the return of the meme stock trade. Investors have begun to pile into beaten-down stocks with low share prices, hoping for a turnaround. Opendoor Technologies (OPEN -3.87%) looks like the current poster child of the 2025 meme stock run, with its digital real estate business model.Its shares are up over 1,000% and recently passed $10 on the backs of a changing business model, new executives, and a passionate set o ...

股价表现与市场反应 - 公司股价自今年低点上涨20倍 年内涨幅超过500% 近期突破每股10美元 [1] - 股价年初曾跌破1美元 主要因住宅房地产市场冻结导致业务增长受阻 [3] - 活跃基金经理介入推动高管层变更后 meme股交易者涌入推动股价短期暴涨 [4] 管理层与治理结构变化 - 公司更换首席执行官 由Shopify前首席运营官Kaz Nejatian接任 [4] - 新CEO获得股票激励计划 若股价达到33美元将获得巨额奖金 [4] - 两位联合创始人Keith Rabois和Eric Wu重新加入董事会 [5] 业务运营与成本结构 - 公司成本结构存在冗余 现任管理层认为仅需200名员工而非现有1400名 [5] - 过去12个月净亏损达3.05亿美元 毛利率上季度仅8.2% [7][8] - 资本密集型商业模式要求将房屋作为库存持有 导致盈利能力持续承压 [3][7] 战略转型与业务拓展 - 公司计划拓展软件服务业务 通过Key Agent应用与房地产经纪人合作获取交易佣金 [8] - 推出Cash Plus融资模式 部分现金即时支付 若房屋盈利则支付额外奖金 [9] - 需要将商业模式从单纯房屋转售向多元化服务扩展以实现长期盈利 [8]

股价表现 - 自7月初以来股价飙升超过1600% 从每股不足1美元涨至10.28美元高位 [1] - 被对冲基金经理Eric Jackson视为潜在百倍股 目标价设定为82美元/股 [2] 机构观点分歧 - 零售交易者积极跟进推动涨势 但部分机构投资者认为目标价过于激进 [2] - 目标价82美元需达到10倍营收倍数 该估值水平通常适用于盈利SaaS企业而非资本密集型住房平台 [3] 财务基本面 - 营收从2022年156亿美元下降至2024年51亿美元 降幅达67% [3] - 盈利持续为负值 市场共识预期显示直至2026年仍将保持每股亏损 [3] 估值合理性分析 - 基本面支撑82美元目标价需实现数倍于当前水平的营收增长 或获得远超历史均值的估值倍数 [4] - 零售交易动量可能引发类似GameStop的轧空行情 但难以通过基本面验证目标价合理性 [4] 行业定位 - 被市场归类为本季突破性模因股 零售交易者集体涌入推高股价 [5] - 业务模式被类比为2023年复兴的二手车交易平台Carvana 但存在资本密集特性差异 [2]

The CFO of Open Door is departing the company, naming Christy Schwarz as interim CFO. Effective at the end of the month, Schwarz has spent more than eight years as the company's chief accounting officer, also serving as interim CFO in 2022. That was for nearly two years now.Open a lot more than the fundamental story. It's the latest meme stock to go crazy in this market. Went from trading below a buck back in mid July and on Friday settling just under $10 a share.Joining me now to talk all things open door ...

住房市场现状 - 新屋开工年率下降至130万套 远低于经济学家预期[2] - 建筑行业过去四个月出现裁员 加剧失业问题[3] - 美国住房短缺达到470万套的历史新高[8] 房价与收入对比 - 2025年房价中位数416,900美元与收入中位数83,150美元之比达5倍[4] - 1985年房价收入比为3.5倍（房价82,800美元 vs 收入23,620美元）[4] - 经通胀调整后 2024年房价较1965年上涨100%[6][13] 政策应对措施 - 财政部宣布将采取新措施解决住房成本问题[9] - 可能宣布国家住房紧急状态并推出首购补贴 首付援助 简化审批等政策[10] - 联邦土地可能用于新开发项目[10] 利率政策影响 - 美联储预计未来12个月进行4-5次降息[16] - 30年期抵押贷款利率可能从6.26%降至4.5%-5.5%区间[17][18] - 降息可能引发竞价战争并推高房价[19] 投资机会分析 - 建议关注头部建筑商：Lennar/LEN、PulteGroup/PHM、DR Horton/DHI等[12] - 住房科技股推荐：Zillow/Z、Opendoor/OPEN、Compass/COMP、Rocket Mortgage/RKT[12][21] - 政策干预可能引发近二十年来最强的住房繁荣[11] 市场供需矛盾 - 住房可负担性处于历史最低水平[7] - 供应量接近历史低点[7] - 年轻人无力购房 老年业主惜售 新建设跟不上需求[8]

All right, good afternoon and welcome to Asking for a Trend. I'm Miles Alen filling in for Josh Lipton. For the next half hour, we're breaking down the trends of today that'll move stocks next week.There's a lot to keep track of. So, we're focusing on what you need to know to get ahead of the curve. Here are some of the trends we'll be diving into.Wall Street ending the week on a high note. Stocks in record territory after President Trump and China's Xiinping have a seemingly productive call on Friday morni ...

Retail investors buzzed about five stocks this week, from Sept. 15 to 19, on platforms like X and Reddit’s r/WallStreetBets, amid market AI enthusiasm and the Federal Reserve rate cuts.The stocks, Opendoor Technologies Inc. OPEN, IonQ Inc. IONQ, CoreWeave Inc. CRWV, Nvidia Corp. NVDA, and Tesla Inc. TSLA, spanning tech, realty, quantum, and automotive sectors, reflected diverse retail interests.Opendoor TechnologiesThe top performer in retail sentiment, OPEN, was in focus after the rate cut on the possibili ...

This story was originally published on CFO.com. To receive daily news and insights, subscribe to our free daily CFO.com newsletter. Selim Freiha | Opendoor Opendoor’s CFO, Selim Freiha, will leave the company effective today, according to a securities filing. Freiha joined the online real estate platform in November 2024 from Google’s parent company, Alphabet, where he served as vice president of capital allocation and planning. Freiha will be succeeded by Christy Schwartz as interim chief financial office ...

Excitement abounds for the real estate platform vying for a comeback.Opendoor Technologies (OPEN -2.79%) is trying to come back from the dead. Its stock was trading at around $0.50 and down more than 95% from all-time highs earlier this year, with the pain for shareholders so intense that the company was planning on performing a reverse stock split.Now, life is being breathed back into this real estate disruptor, which makes cash offers to people selling homes.The stock recently was up over 10x from the low ...