Over the last three months, Opendoor Technologies‘ (NASDAQ: OPEN) stock price has risen by more than 1,570%! This is not a stock that conservative investors should be buying right now, but what about aggressive investors? Tread carefully.
Opendoor is, effectively, attempting to create a company around house flipping. This, historically, has been something that small, local operators have done. Scaling up home flipping hasn’t worked out that well so far, noting that Opendoor has yet to turn a full-year profit.
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