Uber (UBER)

He's been selling it. Is frustrated. Has yet to see robotaxis turn a profit. When he bought it, Uber had little competition in this area, but not anymore.

Nice run 2023-24, and then perhaps the market decided to focus elsewhere. Not every company works every single year. 

Has caught his eye with the pullback. Everyone uses it, but there's concern about the next 10-20 years with autonomous vehicles. Market is nitpicking, while missing some terrific earnings. Printing cash, ~20x PE. On his watchlist.

Good ideas always attract competition, in this case self-driving taxis. There will be a much larger market for ride-sharing with self-driving cars. Evne if Uber owns a piece of that market, Uber will thrive.

Good ideas always attract competition, in this case self-driving taxis. There will be a much larger market for ride-sharing with self-driving cars. Evne if Uber owns a piece of that market, Uber will thrive.

Good ideas always attract competition, in this case self-driving taxis. There will be a much larger market for ride-sharing with self-driving cars. Evne if Uber owns a piece of that market, Uber will thrive.

Prefers this name, more upside as a tactical play at this time.

Now more focused under new CEO, though will work with other companies to offer its services. Starting to generate better rates of return. Worth looking at. Really well run, cutting lots of costs. Robotaxis will help cost structure -- plus, safer than getting an actual driver (as you don't know if they just broke up with their girlfriend or whatever ;)  

Long-term picture is very attractive. A disruptor. Big question is how soon for robotaxis, and how many hoops do they have to jump through to get there? Really nice pickup in cashflow. In the near term, very high expenses around regulatory issues.

Technically, stock sold off recently. Below 200-day MA. Give it some space. Many of the higher-multiple growth stocks have been weaker, as value has started to outperform (though that won't be forever).

Their self-driving cars have divided investors: either an opportunity or disaster. 170 million use their app and part of their business is advertising. They're getting much more profitable, transforming from a cash burner to a cash machine.

It is still growing very rapidly. In the last quarter it reported the number of users increasing by 17% year over year. It is very pro-active with robo taxis and has partnerships with 20 different autonomous vehicle makers around the world. Driverless cars will reduce their expenses a lot since they won't have to pay drivers... and for the customers no tipping needed. It is very good for downtown trips, saving high parking fees and maybe some traffic problems. Driverless cars are just assigned to a customer rather than waiting for a driver to decide whether to take it or not.
Buy 49  Hold 12  Sell 0

Rangebound from $80-100. Sit and wait on this through 2026. $80 was previous resistance, a critical swing area.

Pretty good runway ahead. His price target is $111.50. Upside will come from geographic expansion. For example, he was just in Delhi, and Ubers are everywhere. Recent lift came from partnership with Hyundai on robotaxis (those will be a big deal, probably in latter half of 2026).

Has owned this a long time and would buy now during weakness. They could hit $10 billion EBITDA in 2026, up 25% from 2025. Weaknes comes from news about robo-taxis (by Tesla and Waymo). Waymo is partnering with Uber in some markets, but also going alone in others. Not sure if Uber will use Waymo for taxis. Uber has launched robo-taxis on its own in Abu Dhabi. Is positive on Uber.

Their businesses are up 20%. Consumer discretionary will continue to move, though there is a bifurcated consumer.

A great company. The CEO has done a fine job getting rid of assets to strip the company to its core to improve returns. Their robotaxi business will help. Uber is a great service. Will be far more profitable down the road.