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▶ 0:39 · $HIMS · Why Hims & Hers Stock Just Dropped (And What Happens Next) | $HIMS
episode briefing
Asymmetric Investing

Why Hims & Hers Stock Just Dropped (And What Happens Next) | $HIMS

2026-05-19 · 1 company · 4 thematic
sentiment
0 bull0 bear1 neu
speakers
travis hoium

Travis Hoium hosts the Asymmetric Investing podcast/YouTube channel and manages the Asymmetric portfolio. He conducts fundamental research using Fiscal AI and focuses on platform business models, healthcare technology, and consumer subscription businesses. He discloses holding Hims & Hers as one of his largest positions.

quote
“The company is raising $350 million worth of debt. 0% interest rate... The initial conversion price is going to be 33.859 shares per $1,000 worth of notes. So, that gets you to a conversion price of $29.53 per share... They entered into wh…”
—travis hoium
now playing · $HIMS
$HIMS···neutral· mediumtravis hoium
Hims & Hers issues $350M convertible debt at 32.5% premium with capped call at $50.15
Management is leveraging up to fund Eucalyptus acquisition and AI/infrastructure investments; convertible structure creates dilution risk above $50.15 but avoids interest cost unt…