Mini deep dive on Hims & Hers (HIMS)
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Paid subscribers to Jonah’s Growth Stock Deep Dives receive ~2 deep dives per month (8,000+ words), ~2 mini deep dives per month (2,000+ words) and quarterly earnings commentary (on most of my portfolio companies) plus access to my investment portfolio (up +104.1% YTD in 2024, up +134% in 2023 and up +2,090% since January 2020) with real-time daily activity, notes/commentary and charts throughout the day.
My investment strategy is pretty simple. I want to own 20-30 high-quality growth stocks with the best fundamentals at the most reasonable valuations — if the fundamentals begin to disappoint or the valuation no longer looks compelling I will trim or sell my position. I want to own stocks that have at least 50% upside within the next 1-2 years and at least 100% upside within the next 3-4 years. If I buy stocks that are too expensive, the fundamentals aren’t good enough or my investment thesis is flawed — then I’ll never hit my investment targets. My objective is to maximize performance in good markets and minimize losses in bad markets. I accomplish this by being very selective in what I own but also using technical analysis, stop losses and hedges to protect my portfolio in market downturns.
HIMS 2023 Q4 shareholder letter [click here]
HIMS 2023 Q4 earnings report [click here]
HIMS 2023 Q4 earnings webcast [click here]
HIMS February 2024 investor presentation [click here]
Pills Pay The Bills: Mini Deep Dive on Hims & Hers (HIMS)
HIMS has grown from a startup ($82M revenues in 2019) to a multi-billion-dollar company ($872M revenues in 2023) with more than 1.5 million subscribers; showcasing its scalability, product development and market penetration.
HIMS achieved its first GAAP profitable quarter and provided strong 2024 guidance
HIMS has improved its marketing efficiency, reducing the payback period for marketing expenses, demonstrating effective customer acquisition strategies.
HIMS is now focused on personalized healthcare solutions and innovation, using AI to enhance services and expand its offerings, catering to a broad and growing customer base.