Prometheus

@TestDoctor_ It’s a freakin commercial. For shame, for shame.

The dark side of marines no one is allowed to talk about.

$OPEN

Dear Gen Z: Cooked my own supper tonight. Two brats ($3.00) boiled in a can of beer ($1.00) and seared on the grill. Two ears of corn on the cob (66 cents). Two diced potatoes, fried and seasoned (80 cents). Bowl of vanilla yogurt (60 cents). Glass of milk (30 cents). Total: $6.36 You idiots spent more at Starbucks this morning.

@RichMuncy @GoldenKnights Haha! 🤣

@Prometheus2025 @GoldenKnights No, I really turned on something else. I’ll keep checking the app lol.

KOLEY IS THE 🔑 TO TYING THE GAME!!!!!!

@RichMuncy @GoldenKnights Maybe dessert? Lol kidding

@GoldenKnights I go out and get dinner and they go on a run? Maybe I’ll keep my eyes off the TV, then.

@Shonnie_Iris @conquertheno Both were brutal 😂

@Prometheus2025 @conquertheno Can’t believe I drank both of those back in the day.

Which alcohol was it for you?

@Shonnie_Iris @conquertheno Oh yeah, been there. And Wild Irish Rose.

@conquertheno Night Train Express. Don’t think it’s made anymore thank god.

@TheLaurenChen Smile maybe

It's the septum ring - it's a big red flag

@ba_actual @JoeCool_SC @UAPWixy 😂

@Prometheus2025 @JoeCool_SC @UAPWixy Good catch, it almost had me fooled.

🚨The Big Surr Incident 1964, Sep 15.. Vandenberg AirForce Base, 🇺🇸, footage of a UFO shooting down an alleged nuclear missile warhead..

@jstripe75 @FloydBanner281 @DudeWhoInvests

@FloydBanner281 @DudeWhoInvests Calm down Francis

THE GOD CANDLE FOR TUESDAY IS LOADING

@DudeWhoInvests Godspeed

I was hanging with some good friends on Friday night and then this happened.

@Laf4MVP_ Howden

Who’s scoring the first goal in Game 3 tonight? Correct guesses will get a shoutout!

@JoeCool_SC @UAPWixy This is obviously fake. In every mirror selfie the mirror is filthy,

@UAPWixy Explain this.

@UAPWixy Ok I’ll explain this: it’s fake

@Laf4MVP_ VGK 5 Avs 4 4 minutes into OT2

What is your score prediction Game 3 of the Western Conference Finals? Correct guesses will get a shoutout!

@ssj2abid 🫡

@Prometheus2025 You gotta read it bro :) I try to make it super easy to follow, enjoyable and very logical :)

Time for some $OPEN math. It's been a while. I wanted to understand how many homes Opendoor can theoretically buy with their current cash and what that means for the stock. So I went into the Q1 2026 SEC filings and worked it out. First, how does Opendoor actually pay for a home? They don't buy homes with cash. They put up a fraction and borrow the rest from non-recourse credit facilities secured by the home itself. Like a mortgage but at industrial scale. From the Q1 2026 cash flow statement: → Cash spent on buying homes: $221M → Homes purchased: 2,474 → $221M ÷ 2,474 = $89,329 cash per home That $89K is the down payment. On a $365K home that's roughly 24%. The other 76% (~$276K) is borrowed. If anything goes wrong, the lender takes the home, not Opendoor's cash. That's what non-recourse means. So how many homes can they hold at once? → Cash available: ~$1,078M → Cash per home: ~$89K → $1,078M ÷ $89K = ~12,112 homes → Current inventory: 3,420 homes → Headroom: 3.5x current inventory But homes churn. Buy, hold ~77 days, sell, get cash back, buy again. That cash recycles. → 365 days ÷ 77 day hold = 4.74 cycles per year → 12,112 homes × 4.74 cycles = ~57,400 homes sold per year → 57,400 ÷ 52 weeks = ~1,104 homes per week With current cash alone Opendoor can sustain ~1,100 homes per week. The accountable dashboard projects a trend toward 800-900 by year end. The cash stack supports significantly more than what Kaz is currently projecting. Either conservative guidance or headroom to accelerate. Either way bullish. And hold times are improving. Aged inventory from 51% to 10%. October cohort selling at 2x velocity. If hold time drops to 60 days: → 365 ÷ 60 = 6.08 cycles × 12,112 = ~73,600/year → 73,600 ÷ 52 = ~1,416 homes per week The agent integration amplifies this further. 100,000+ agents bringing sellers in and helping move homes out. The AI designs every offer to hit 6-7% contribution margins after all costs including agent commissions. So what does this mean for the stock? Using $24,300 profit per home (6% CM), $93M quarterly company costs, 963M shares, 42x P/E (Carvana's current multiple). The $93M comes from the Q1 filing: $19M advertising + $12M operations + $33M fixed costs + $23M interest + ~$6M for the new convertible interest rate. This is roughly what it costs to run Opendoor per quarter. It could actually be lower as some of that interest is already captured in the per-home holding costs but I'm keeping it conservative. 655/week (current pace): → 8,515 homes/quarter × $24,300 = $207M → - $93M company costs = $114M net/quarter → $456M annualised ÷ 963M = $0.47 EPS → 42x = $19.90 1,000/week: → 13,000 × $24,300 = $316M → - $93M = $223M net/quarter → $892M annualised ÷ 963M = $0.93 EPS → 42x = $38.90 1,100/week (max on current cash at 77d hold): → 14,300 × $24,300 = $347M → - $93M = $254M net/quarter → $1.02B annualised ÷ 963M = $1.06 EPS → 42x = $44.30 1,400/week (max on current cash at 60d hold): → 18,200 × $24,300 = $442M → - $93M = $349M net/quarter → $1.40B annualised ÷ 963M = $1.45 EPS → 42x = $60.90 The stock is ~$4.50. This is a high level analysis based on current Q1 data. It does not account for further improvements that are already in motion: → Cash Plus (live, 35% of volume) and Cash Now More Later (live) both reduce the equity needed per home which would increase max capacity beyond 12,112 → Credit facilities can be expanded as volume grows and profitability is proven → Profits reinvested back into buying more homes compounds the capacity further → Mortgage and Doma layer additional margin on every transaction beyond the $24,300 All upside not reflected in the numbers above. Patience and conviction. nfa, long $OPEN 🏠