John Zechner Uber UBER-N WEAK BUY Nov 22, 2021

Let it go after Q4 results. Concerned that it was reaching saturation in major urban markets. Talked about aggressively pursuing suburban market share, which is harder to serve and likely not as profitable. Slowing growth YOY. Major question marks about fledgling freight business.

He bought more because he didn't hold a large enough position. He expects it to reach $100. He may add even more.

Was in it before and has been waiting to re-enter. He just took a 1% position. Expects it to break $100 soon. Waymo is a plus.

Waymo's self-driving is here and will see hockey stick-shaped growth.

New CEO in 2017 vowed to increase profitability, and it's materialized in operating margins, earnings, and cashflow. Thinks that will continue. Rapidly getting into self-driving, which apparently will dominate the space over the next number of years. Stock has a long way to go over next 5 years.

Financial metrics on mobility, delivery, and even on freight come in around mid-60s on that rule of 40. 12-month price target of $112. No dividend.

Chart shows fairly clear upward move. True leader in its nascent industry, has quickly become a very big part of our society. Stock's down today on news that LYFT has done a deal with Waymo for autonomous vehicles in Nashville. One-day news is just noise.

See his firm's blog under Insights at goodreid.com.

The knock is that self-driving cars are going to be everywhere, and you don't need an intermediary service like this one. But they're doing not only mobility, but also delivery and freight. Good partnership announcements to get into robotaxis. Share buybacks.

Not expensive at 21x, growing visibly at 37%. Lots more to go.

Technically, doing fine. Stock's moving higher, as is the 200-day MA. He worries about competition down the road, in particular autonomous vehicles such as Waymo. Diversified. Earnings growth for next few years somewhat muted. Trades at 30x PE, and it might get back to 15% growth, so the PEG is 2 (not exciting).

See his Top Picks.

A story of growing cashflow, which will continue to grow. Mixed analyst estimates for next year. Long-run story is intact. Stock's behaving very well. But in general, his firm is reducing exposure to the consumer.