We came across a bullish thesis on Robinhood on Investing City's Substack by Ryan Reeves. As of 1st July, Robinhood's share was trading at $92.33. HOOD's trailing and forward P/E were 52.76 and 65.36 respectively according to Yahoo Finance.
Robinhood, a discount brokerage firm, has been a game-changer in the financial industry by making stock trading fun and accessible with its user-friendly interface and 'free' trades. However, the company's business model, which relies heavily on payment for order flow (PFOF), has raised concerns about its integrity. PFOF involves Robinhood taking a...
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