RobbStark

[RobbStark @House_Stark12]

@stone_maison_ @maelan_sdmr @Al_Per_Stocks There was a lot of stock based compensation in the G & A expenses. The adjusted EBITDA will add back the stock based compensation. You have to look at the core business.

[RobbStark @House_Stark12]

@Al_Per_Stocks @maelan_sdmr Opendoor is looking for 25% quarter over quarter revenue growth from Q1 to Q2. That’s significant. The question is will they be break even on adjusted EBITDA. If they have a beat on revenue and earnings, how will the market see the company going forward?

[RobbStark @House_Stark12]

@Al_Per_Stocks @maelan_sdmr Kaz guided for Q2 break even adjusted EBITDA +/- a few million. Two weeks left in the quarter. If Kaz shows the core business can be break even, the market I assume will re-rate the shares. This should be an interesting Q2 earnings call.

[RobbStark @House_Stark12]

@Hawaiiboy222 @TheLongApe Bro, if they manage to get to 30,000 sales @ 375k per home, so $11 billion in revenue, at 1X price/sales is roughly a $11 share price. If they show positive adjusted EBITDA maybe 2X P/S so $22 a share. It seems doable in the next two years.