Hi friends,
I am taking a position in the company HIMS, a medical and supplement company;
I have been seeing some advertisements on TV about this company, and I like the current price at $5 per share. The company IPO’ed at a higher price and I believe the final financing rounds before the IPO was even higher than the current company valuation. They have a lot of cash on hand, so there should not be dilution coming.
They are targeting millennials, which is a generation coming into more money and who likes subscription-based items. This company looks to help millennials with common problems that they are facing i.e. hair loss, depression, skin issues, intimacy issues, etc.
The company is not profitable at the moment but revenues are increasing and hopefully they reach the point where they have economies of scale and can make money, but it’s really about meeting Wall Street’s expectations. It takes the right leadership to make sure they are forecasting future revenues and earnings properly, and meeting expectations set on the company. We shall see!
Thanks for coming by,
Brian
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I’ve heard of them, good luck brother. Hope it takes off for you.
I am also thinking to invest in the funds that consist of mostly medical companies.
I think the company is getting cut every day. That's why it will be beneficial to invest less because hims can go to loss at any time.