Uber (UBER)

For the long term The big money has already been made here by private equity investors. But Uber is still growing as a duopoly (with Lyft). It's breaking even on an EBITDA basis and not losing money as some think, but Uber Eats is losing money. Uber enjoyed double-digit growth before the virus, and will likely return to that, but earnings may be weak short term. That said, you will come out ahead for the long term. Uber doesn't spend money on cars, but rather marketing. The scalability also makes this attractive. This will grow, but not as much as in the past.

The IPO collapsed, and this had an effect on following IPOs. They're on track. More global than Lyft. Exited businesses that weren't meeting cost of capital. They have a chance to make money down the road.

It´s ways away from profitable, but its last earnings call was very good. If this can trade through its $45 price, he'll consider it. This has a long way to go, but technically it's getting better. Lot of sellers are built in, because they've been under water.

The fundamentals aren't there yet. He hasn't seen profits yet and they face unique challenges. For example, California wants Uber to treat drivers like employees, not contractors. Everybody uses Uber, including him, but that doesn't mean they'll make money.

An example of so much hype surrounding an IPO, but the IPO doesn't give guidance to indicate when the stock expects to make money. Also, Uber involved in so many things, massive and a disruptor. It reminds him of Alibaba, which struggled for a while after its IPO before it took off. Wait for Uber to hit the mid-$30s to buy as a long-term hold.

Another Amazon? He does not own it, nor participate in the IPO. It has influenced the IPO market and it is a disrupter. It is like Amazon as a disruptive force in the market, involving big data. However, he thinks it is lacking a financial model that will provide a long runway. The company has not defined when the business will actually become profitable.