Opendoor: Reinventing The iBuyer Model Amid A Challenging Housing Market (NASDAQ:OPEN)

Opendoor Technologies Inc.'s ( OPEN ) stock has come under pressure in recent months as some of the optimism about its turnaround has worn off. This is not surprising, as I previously suggested that while Opendoor's turnaround strategy sounded reasonableRichard Durant is the leader of Narweena, an asset manager focused on finding market dislocations that are the result of a poor understanding of a businesses long-term prospects. Narweena believes that excess risk adjusted returns can be achieved by identify ...