Core Viewpoint - Opendoor Technologies' stock has surged 500% in the last three months despite its struggling business model characterized by low gross margins and a history of losses, suggesting investors should consider more profitable alternatives like Airbnb and Lululemon [2][3]. Opendoor Technologies - The company has never generated a profit and has taken on significant debt to fuel growth, indicating a poorly structured business model that may hinder its iBuying operations [2]. Airbnb - Airbnb has established itself as a leading travel platform with a 13% revenue increase to $3.1 billion and a net income of $642 million, reflecting a 21% profit margin [7]. - The company is focusing on global expansion, particularly in Japan and Brazil, where nights booked grew approximately 15%-20%, outpacing overall bookings growth [6]. - Airbnb is reinvesting profits into new features and services, which may compress profit margins in the short term but are expected to enhance long-term growth [8][9]. - The forward price-to-earnings (P/E) ratio is currently 31, which may appear high, but steady revenue growth and profit margin expansion could lower this ratio significantly over the next five to ten years [9]. Lululemon Athletica - Lululemon remains profitable with a forward P/E ratio of 14, which is low due to a 60% decline from its all-time highs [10]. - Despite concerns about slowing growth in North America, the company reported a 4% year-over-year revenue increase in the region and a 20% increase in international revenue, particularly in China [11]. - Overall revenue grew 8% on a constant dollar basis, indicating market share growth in the casual apparel and athleisure sector [12]. - The company has been actively repurchasing stock, reducing shares outstanding by 8% over the past five years, which is expected to enhance earnings per share (EPS) and lower the P/E ratio [13].