Nobody Wanted $HIMS at $15，Everyone Wants It at $35
When $Hims & Hers Health Inc.(HIMS)$ stock dropped to under $15 early this year the company was reviled for being untrustworthy and a one-trick pony in compounded GLP-1s.
Those times of panic were an opportunity for long-term investors to understand the strategy and why AndrewDudum would do seemingly crazy things that upset Big Pharma.
That’s what the two articles I wrote in those moments explained.
But few went through the exercise of understanding Hims strategy or what the potential outcomes of a patent lawsuit really was.
For those of you who read Asymmetric Investing in those brutal months and stayed invested or doubled down (like I did in the Asymmetric Portfolio) its days like this that show why research and conviction matter. Drowning out the short-term noise is hard, but necessary.
I’m not selling today, but I’m watching the conversation change in real time. People hated HIMS at $15 but love it at $35.
Stock price drives sentiment. But the biggest gains are made when sentiment is bad and the market is wrong.
Congratulations to the longs.
Job’s not done.
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