HIMS shareholder value is being harmed by spending excess cash.
Company spending money it does not have hurts shareholder returns
@himshouse Spending money they don't have. This only hurts $hims shareholders.
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +2.7% | +1.6% |
| 1 week | +6.3% | +4.0% |
| 1 month | +58.1% | +56.3% |
| 3 months | — | — |
| 6 months | — | — |