Uber (UBER)

It will join the S&P in 2024 and as an industrial. He likes monopolies, which Uber enjoys.

The company has seen nothing but improvements every quarter this year. The stock goes down with the market but remains a beta name. It's mispriced now, and it will go higher.

It's mispriced now. Everything the new CEO has done has been right. Likes it.

He's holding it long-term and it should be okay, but it's not a great stock in this environment, because high-growth stocks don't do well during high rates. Can be volatile.

The stock looks like is about the make its next move higher. He likes this heading into year-end.

They're face increased regulation around the world, like battles over employees' minimum wage and worker safety--they're losing these legal battles. Also, there's fierce competition. It's never been a profitable company and he doesn't see profits ahead. A risk of paying their drivers more, which will eat into profits.

They will buyback more stock. Whoever though this would be a free cash flow story? CEO is great.

He targets $50 and ultimately the mid-$60s and eventually be added to the S&P.

Has never owned this. They lead the industry, are starting to generate good cash flow and look good long term. You've seen the worst in this one. It's okay to enter this with a small position.

Company finally free cash flow positive.
Competition weakening.
Appears to have won the transportation market.
On a P/E basis - still expensive - but growing quickly.
Management team performing well.
If continues to grow - will be a good investment.

UBER's sales and earnings have been improving and its outlook is decent, with sales growth of ~17% expected over the next few years and strong earnings growth. Its debt levels are creeping higher, with a debt-to-equity of 1.1 and net debt/EBITDA of 3.6X. Profit margins are improving and it generated a strong level of free cash flow over the past 12 months. Its cash position of $5.5B is strong and its valuation is OK with a forward sales multiple of 2.2X and forward earnings of 30.5X. We feel that the momentum has shifted for UBER and it is now picking up momentum in its earnings leverage. We feel that if sales and earnings growth continue to grow as expected in the coming years that this name can perform quite well.
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Became profitable this quarter. Loves the asset-light business model. It's just the middleman with its technology to connect customers with drivers. No dividend.

The 50-day moving average is around $34. Not a summer trade, which end in July. This may go nowhere this month, though September is historically the worst month. No catalysts for Uber now.

He missed this and won't chase it now. It's had wild ups and downs in its history.

She's been impressed with how the CEO has transformed the company so much that it could be included in the S&P later this year, given positive profitability. She also finds Lyft interesting under a new CEO, more interesting that Uber. She's watching Lyft more than Uber.