https://forum.inderes.com/t/inderesin-kahvihuone-osa-10/59288/6606?u=sijoittaja-alokas
Out of curiosity, I looked into this company. ![]()
Opendoor is a digital platform that simplifies buying and selling homes online. According to them, it offers an easy and fast way to handle the entire process with one service, easing various life changes or something similar. ![]()
As I understand it, Opendoor is in a bit of a tricky situation. Earnings surprised positively in the spring, but forecasts for the end of the year weakened significantly. Additionally, high interest rates and a sluggish housing market are eroding the outlook. The company also warned that third-quarter revenue would fall significantly short of expectations.
The company is trying to turn things around with new models, such as the Cash Plus service and, according to the company, a broker-friendly application. The idea is to shift towards a less capital-intensive business model, where agents bring in customers and Opendoor gets its share without taking on the full risk.
Still, the pressures remain high. There is cash, but sales are expected to decline for a long time, and earnings are projected to remain in the red. If the strategy change takes hold and cost discipline is maintained, long-term potential could still be found.


