Literally printed this out to read. Really appreciated your writing and well thought out thesis on this company. Keep it up!! Hoping we OPEN Investors are on to something huge!
Your thoroughness and generosity for sharing hours of research are greatly appreciated, and continually renew my conviction in this investment. Please continue the excellent work.
Excellent work Tyler - hope you can keep it up. I think it's very clear that many still don't understand this company. Your piece goes a long way to helping to fix this. JK
Nicely done Tyler. I listened to the OPEN earnings CC yesterday. Very interesting. Their CFO seems quite "hands-on" and "no-nonsense." Their business model presents a very interesting concept.
Excellent thesis. I own real estate as investments and have always thought that the whole damn thing is a racket. Huge fees to copy and paste an 11 page document, rushed buying process, can't trust anyone throughout the entire process. OpenDoor could position themselves as a champion of the average person and bring to real estate something it rarely has; truth and transparency, two things I'd happily pay for.
Hello Tyler, great article! What is in your opinion the value of the backed offer for Opendoor? Do they decrease the holding time of houses or do they earn money with the credit?
What can be the mix between list on opendoor and the capital intensive part of the business looks like in 2025 and beyond? Do you know the reason why the cost for the sales, marketing and operations sector was that high in Q4?
Feb 27, 2022·edited Feb 27, 2022Liked by Tyler Okland
Any insight into how the markets they entered in 2021 are doing? I was disappointed that it wasn’t disclosed by the company (apologies if it was and I missed it, but I looked and didn’t see any mention about it either in the filings or on the call).
Thank you for your thoroughness and generosity to share this with everyone - greatly appreciated. I am mystified as to why the market does not give it far more respect - hopefully that will start being addressed over the coming quarters.
Thank you! very well written! I have seen their prices being fair even when people where listing foreclosed ruins for a fortune few days back. Also their app/website looks better and quality of the listings very high. I pulled my trigger on a small position today and will definitely check the app out when I am in the market for a home!
You're very good (VERY) in making the difficult seem so easy. Thank you very much for losing all this time to make people like us understand the company. I have 2 university degrees and I'm astonished (I'm good processing info). Congratulations Tyler and thanks again.
Great article with a lot of additional insight surrounding what may be misunderstood about the company and the long game/potential. I was really disappointed with the expense structure they outlined in the Q4 results. However, I wanted to better understand the excitement behind the high conviction supporters out there. This article was enough to convince me to start nibbling and investing in the Opendoor thesis. Thanks for sharing!
Have you, or is there a way, for you to get this report in the hands of Opendoor as there are some great ideas that they may have not thought of on their own and could certainly benefit from adding to their suite of products? I guess I'm asking whether you have an "open door" into their company? LOL
Nice article Tyler. Strange that you basically skipped past the $536 million of stock-based compensation though. At approx 10% of issued capital, it seems that the SBC largesse did not sit well with the market. Any thoughts about that?
Literally printed this out to read. Really appreciated your writing and well thought out thesis on this company. Keep it up!! Hoping we OPEN Investors are on to something huge!
Your thoroughness and generosity for sharing hours of research are greatly appreciated, and continually renew my conviction in this investment. Please continue the excellent work.
Excellent work Tyler - hope you can keep it up. I think it's very clear that many still don't understand this company. Your piece goes a long way to helping to fix this. JK
Nicely done Tyler. I listened to the OPEN earnings CC yesterday. Very interesting. Their CFO seems quite "hands-on" and "no-nonsense." Their business model presents a very interesting concept.
Excellent thesis. I own real estate as investments and have always thought that the whole damn thing is a racket. Huge fees to copy and paste an 11 page document, rushed buying process, can't trust anyone throughout the entire process. OpenDoor could position themselves as a champion of the average person and bring to real estate something it rarely has; truth and transparency, two things I'd happily pay for.
Hello Tyler, great article! What is in your opinion the value of the backed offer for Opendoor? Do they decrease the holding time of houses or do they earn money with the credit?
What can be the mix between list on opendoor and the capital intensive part of the business looks like in 2025 and beyond? Do you know the reason why the cost for the sales, marketing and operations sector was that high in Q4?
Kind regards from Germany!
Any insight into how the markets they entered in 2021 are doing? I was disappointed that it wasn’t disclosed by the company (apologies if it was and I missed it, but I looked and didn’t see any mention about it either in the filings or on the call).
Awesome. Bless you Tyler!!!
Your writing and work are impeccable.
Keep it up🙏..
Thank you for your thoroughness and generosity to share this with everyone - greatly appreciated. I am mystified as to why the market does not give it far more respect - hopefully that will start being addressed over the coming quarters.
Thank you! very well written! I have seen their prices being fair even when people where listing foreclosed ruins for a fortune few days back. Also their app/website looks better and quality of the listings very high. I pulled my trigger on a small position today and will definitely check the app out when I am in the market for a home!
You're very good (VERY) in making the difficult seem so easy. Thank you very much for losing all this time to make people like us understand the company. I have 2 university degrees and I'm astonished (I'm good processing info). Congratulations Tyler and thanks again.
Great article with a lot of additional insight surrounding what may be misunderstood about the company and the long game/potential. I was really disappointed with the expense structure they outlined in the Q4 results. However, I wanted to better understand the excitement behind the high conviction supporters out there. This article was enough to convince me to start nibbling and investing in the Opendoor thesis. Thanks for sharing!
Have you, or is there a way, for you to get this report in the hands of Opendoor as there are some great ideas that they may have not thought of on their own and could certainly benefit from adding to their suite of products? I guess I'm asking whether you have an "open door" into their company? LOL
Nice article Tyler. Strange that you basically skipped past the $536 million of stock-based compensation though. At approx 10% of issued capital, it seems that the SBC largesse did not sit well with the market. Any thoughts about that?