To put this in some perspective, the MC to sales ratio for TSLA is 12:1 and that's after falling from 20:1 over the last few months. AMZN is a much more mature and slower growing company valued at 3.3:1. Also, TSLA is being valued as a pure software play, not as a car company but that's not a debate for this board.
OPEN is being valued as a real estate company with low margins but it may be more like a TSLA, a software company that buys and sells houses in a much more efficient manner while also participating in all of the other cash flows involved in real estate. Since no one has done this before, OPEN must prove that this is a viable and proprietary model.
The huge drop in sales during COVID has spooked the market and OPEN has not yet proved to the market that they're a software company. If they do, and clearly I think they will, we should value OPEN at between 3-10X MC:sales. It may take two-three years before that happens but if they execute, it will be well worth the wait.
Recent OPEN News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/18/2024 12:01:22 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/18/2024 12:01:11 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/18/2024 12:00:51 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/12/2024 08:09:16 PM
- David Benson joins Opendoor Board of Directors • GlobeNewswire Inc. • 09/12/2024 08:05:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/11/2024 08:54:39 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/10/2024 08:20:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/30/2024 08:00:30 PM
- Opendoor to Present at Goldman Sachs Communacopia & Technology Conference • GlobeNewswire Inc. • 08/29/2024 01:00:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/16/2024 08:03:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/07/2024 10:54:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 08:51:53 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/01/2024 08:25:53 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/01/2024 08:24:43 PM
- Opendoor Announces Second Quarter of 2024 Financial Results • GlobeNewswire Inc. • 08/01/2024 08:05:28 PM
- Mainstay, a Comprehensive Market Intelligence Platform for the Single-Family Rental Industry, Launches as an Independent Company from Opendoor • GlobeNewswire Inc. • 08/01/2024 08:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/19/2024 08:02:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 11:01:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 11:01:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 11:01:20 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/16/2024 08:33:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/10/2024 09:31:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/08/2024 10:15:40 PM
- Opendoor to Report Second Quarter 2024 Financial Results on August 1st, 2024 • GlobeNewswire Inc. • 07/08/2024 01:00:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 09:46:29 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM