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OPEN Stock has permanent weakness and another headwind

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Open door technologies (NASDAQ:OPEN) the stock is not in the right place, which is a bit difficult to understand.


The company is tied to a win-win platform with the iBuyer business model, the mechanism that allows it to quickly purchase homes for later flipping.

It was basically without a realtor.

The iBuyer model that underpins the OPEN stock has allowed people to sell their homes on their schedule, helping to avoid double mortgage payments. Apparently you couldn’t ask for a better game during the crisis.

The surge in the housing market was the ultimate catalyst for the stock OPEN. As with almost all convenient services, participants pay a premium to enjoy the luxury. This could have been a problem during a normal real estate season. However, there is nothing normal about the madness we are witnessing.

Skeptics have emerged as to the viability of this unprecedented bull market.

Property experts have reassured those who bought during the mad rush of 2021 that prices are unlikely to drop significantly, let alone crash. Of course, if you ask a used car salesman if the car he sells is reliable, the answer will always be yes.

Additionally, the stock OPEN itself leaves question marks over the housing sector. When I last discussed the underlying company on January 12, I mentioned that the investment had so far proven disastrous. Coincidentally, OPEN had previously experienced a short rally, culminating in a closing price peak of $12.64 on the date of publication.

Since then, the shares have fallen more than 32%.

Yet the opposites might argue that the work-from-home narrative should bolster some markets as high-income earners move in. Here’s why I’m worried.

The Indian Juggernaut and OPEN Stock

Following the Covid-19 disaster, one of the advantages that worker bees have enjoyed is teleworking. As multiple sources have reported, the transition has been unsurprisingly popular. Instead of finding clever ways to have fun at work, why, you can just have fun at home and no one is wiser.

Forbes contributor Bryan Robinson, Ph.D. noted that many workers lied about how much time they had on the clock. His main conclusion, however, is that while the blunders do occur occasionally, on the whole, workers compensate through schedule flexibility.

I’m skeptical. Workers who have fun at home say they are more productive now? The color surprises me (I am not).

Once companies realize that homeworkers are blundering, the shift to the old workplace normal could really hurt the stock OPEN. At this point, high-income workers cannot easily crowd out small towns like Boise.

The biggest wrinkle is India. According to, around 10% of the country’s population (125 million) speak English. This figure will likely increase significantly over the next few years.

English is practically the national language of India’s rising population. What was missing, however, was a clear catalyst for the country to flex its language muscles and consume American jobs. Enter Covid-19 and the devastation it has wrought on the economy.

Oh sure, stocks are up, and so were cryptocurrencies before the recent implosion. But so does corporate debt, worth $11 trillion according to the the wall street journal. It doesn’t come easy, friends. If pandemics were good for the economy, we would ask for Covid-22, 23, 24 and so on.

Don’t ignore the obvious conspiracy

Working from home is not to your advantage. It might seem like that for now. But in this new paradigm of mitigation protocols and previously foreign behavioral ethics, it won’t take much for office jobs to be shipped to India.

They have the education, they have the skills and they speak English.

Plus, the companies sending these jobs will have the perfect excuse: American workers are having fun. Or those who didn’t show up for the office lacked the desire and initiative to succeed with the organization. I could go on.

The thing is, while the experience of working from home has bolstered some real estate markets, it shouldn’t be expected to be an indefinite phenomenon. Clearly, OPEN stockholders do not anticipate that to be the case.

As of the date of publication, Josh Enomoto had no position (directly or indirectly) in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to Publication guidelines.

A former senior business analyst for Sony Electronics, Josh Enomoto helped negotiate major contracts with Fortune Global 500 companies. Over the past several years, he has provided critical and unique insights to investment markets, as well as various other industries including law, construction management and healthcare.

OPEN Stock has permanent weakness and another headwind

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