Clearly, you are a moron.
A net worth of $1.2 trillion is not cash in a bank account. Itโs mostly ownership of companies and assets. Also, giving every human on Earth $1 million would require about $8 quadrillion, not $1.2 trillion. The statement isnโt just wrongโitโs off by thousands of times. Go back to bed.
@Sandeman52 This speaks directly to OPEN. What an opportunity. Many say itโs a $500 stock trading at $5. Rewatch latest earnings call.. Kaz is on another level
Q1 showed major improvement in contribution profit and adjusted EBITDA trends despite one of the toughest housing markets in years.
Newer home purchase cohorts are performing materially better than older vintages, showing OPENโs pricing models and risk controls are improving.
Inventory turns improved again โ critical because faster turns reduce housing risk exposure and improve margins.
Revenue and transaction growth beat expectations while many expected continued contraction.
Management emphasized stronger unit economics and disciplined acquisitions instead of reckless growth.
CEO insider buying stood out: Kasra Nejatian purchased 100,000 shares ($488K) in the open market after earnings โ a strong confidence signal.
Most insider sales were automatic tax-related RSU transactions, not executives exiting positions.
OPEN already survived peak-rate pressure. If mortgage rates ease even slightly, transaction volume could accelerate quickly with the platform already built.