Oura's massive IPO headline looks enticing..A deeper look at the filing reveals several significant warning signs...
https://www.wsj.com/finance/robinhood-wins-a-new-role-in-the-oura-ipo-underwriter-9a76c632
Any other reasons (please add) why I should sit this one out?
Insider Timing: Appointing HOOD'S CFO to the board right before filing ... 🚩
Margin Compression: Slim profit margins and heavy hardware costs - While its revenue grew 74% to $1.21Bn over a nine-month period, its profit was a slim $60.8MnMega-Cap
Competition: Deep-pocketed tech giants like Apple, Samsung, Google, and Amazon..
Add others or convince me to subscribe.