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Hims & Hers (HIMS): A Bear Case Theory

We came across a bearish thesis on Hims & Hers on FJ Research's Substack. As of 3ʳᵈ July, Hims & Hers's share was trading at $47.98. HIMS's trailing and forward P/E were 70.56 and 104.30 respectively according to Yahoo Finance.

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The author of the article has decided to sell their entire position in Hims & Hers, a company they had previously been bullish on. This decision was not made due to market timing or volatility,...