The YouTuber recommends avoiding Open Door due to its current high valuation despite weak fundamentals. He notes that while the stock has surged, its revenue growth is stagnant, gross profits have declined year-over-year, and the company remains unprofitable with very low gross margins (8.2%). He calculates a price-to-gross-profit ratio of 14.2x, which he considers expensive given the lack of growth in key profitability metrics.
“So my opinion on open door is that it is extremely risky, extremely speculative and I don't think the fundamentals are backing up this share price movement at all.” — ▶ 17:50