Uber (UBER)

(He didn't like them last night because they lost his dinner! But redeemed themselves today by getting him to the studio ;)

Finds it very difficult to wrap his head around its financial metrics. Is it hardware, or is it software? It is the king in its space. Margins are very skinny, so that's why they have to make acquisitions.

Their relationship with customers is strong; they retain customers and are growing active users. The shares aren't performing because AI stocks have attracted capital away from industrials, not connected to Uber's fundamentals.

Sold off, now bottoming out and base-building. Grinding its way sideways. Doesn't seem to be going anywhere. Want to see it break out over $80 for signs of any real enthusiasm.

The entire model is based on efficiency, and self-driving vehicles would eliminate the huge costs of drivers. It has relationships with Waymo and other self-driving companies and has a big investment in this space. There is lots of opportunity. It has Uber Eats, freight and advertising and hasn't yet maximized on this. There are 185 million subscribers that use the app. They are growing into their multiple and trading at market value in spite of growth at a much higher level. Headwinds could be competition but this can be good for business.

The more market share they get, the more they can control prices to consumers. They are the go-to in ride-sharing. Good valuation. They execute. Self-driving remains to be seen.

It has a great core business. Its rideshare and food didtribution businesses are humming along with growing cash flow. It is getting more sign-ups every year with its Uber1 memberships. Investors have been worried about Waymo and Tesla in the autonomous vehicle space and they do have better quality than Uber. However Uber has been developing partnerships with about a dozen start-up Autonomous Vehicle companies which are super impressive. We should see Uber roll out a lot of these launches over the next 12 months.     Buy 53  Hold 7  Sell 1

Reported a good quarter, trades at 25x PE, and has fine growth.

Another great long-term hold. Trades relatively cheaply. Earns a lot of cash. Good job acquiring and rolling up. Autonomous cars will be a game-changer. Dominates all markets it's in.

Challenge will be competition from TSLA and Weymo. Once it reaches saturation, what can it do for its next trick? The law of diminishing returns might catch up with it. With partnerships, it can maintain its hold on pricing power. Fundamentals are good. 

His one knock against the company is an ethical one -- wishes it would treat its drivers better. It should follow the model of COST.

It's been sideways. He sold some shares. A quality company and shares have momentum. It needs a catalyst.

Prefers it to Lyft. Uber is very cheap now.

They have millions of entrenched customers, plus Uber Eats. They have global presence and are capital-lite. Their platform can spawn other businesses like ads, which would be huge. Also, they have a great balance sheet.