2024-05-06 14:05:07 ET
Summary
- Hims & Hers Health, Inc. stock sold off five percent Friday after the CEO made some controversial remarks about current college protests.
- The shares are down some 20% over the past month, even as the company continues to post impressive sales growth and is becoming profitable.
- Is this a buyable dip in the stock, or the start of a longer downturn? An analysis follows in the paragraphs below.
Today, we take a more in-depth look at Hims & Hers Health, Inc. ( HIMS ). The stock sold off some five percent on Friday as the company's CEO waded into the controversy around the protests going on across so many college campuses recently, including at Columbia and Harvard. In my opinion, it was an unforced error, as there is usually little upside in company leaders taking sides around any controversial topic in what has become a very divided nation. As Michael Jordan once famously quipped on why he doesn't get involved in rendering political opinions publicly, " Republicans buy sneakers too ." Fortunately, the company's CEO seems to be walking back from the controversial tweet early this week....
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Hims & Hers Health: An Unforced Error