Jamie Murray Uber UBER-N BUY Aug 27, 2024

Will be a permanent compounder. They had a good quarter. The buyback will happen.

We continue to like UBER. It's a large name, with a decent valuation of 22.6X forward earnings, forward growth epectations are decent, and analyst estimates continue to climb higher. We like its operating leverage, and it's now profitable with good free cash flow. 

In a hypothetical scenario, where we had a US model portfolio, we could see it being in either the Balanced or Growth model portfolio, with a slight tilt towards the Balanced model portfolio.
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Up 43% this year. A new deal will double rides in Abu Dabai. Expects revenues +16% and EPS +32%.

They're now a cash flow machine. The shares are at an all-time high, but cash flow, earnings and revenues are growing faster than the share price. So, it's getting less expensive in terms of valuation.

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.