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Stock impact report

What Long-Term Investors Should Understand About Opendoor Before Buying the Stock? [Yahoo! Finance]

Opendoor Technologies Inc (OPEN) 
Company Research Source: Yahoo! Finance
While risk-averse investors should likely watch Opendoor from the sidelines, here are two more things an aggressive investor needs to know before jumping in. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Opendoor is, at its core, a house flipper. It offers home sellers a quick and easy sale. Once Opendoor owns the home, it fixes it up and then turns around and sells it, hopefully for a higher price than what it paid. There's nothing wrong with doing this; small investors have been flipping homes for years. The big difference is that Opendoor is trying to flip thousands of homes. Given the company's history of losing money, it is far from clear that home flipping is possible at an institutional level. In other words, the company's core purpose may simply not be workable. When a small investor flips a home, they usually know the local housing market well a Show less Read more
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