Uber (UBER)

Outlook is quite sound. Four weeks ago, everyone thought we were in the middle of a recession, which clearly is not the case. Strong growth opportunities into 2025, underpinned by a resilient economy. Good entry point for a company that, generally speaking, has the market to itself.

In some cases, 70x would be seen as too expensive, but it wouldn't detract him from UBER.

Getting into the robotics side of delivery. He's researching it right now, but not buying yet.

Self-driving cars will drive growth. Profits are pointing higher. He expects up to $10 billion free cash flow by 2026 that he expects they will spend on growing more. Revenues will grow double digits. If EBITDA is 25x, stock will double or triple from here. Regulatory is normalizing.

Stocks go up and then consolidate. Uber has done that. It is not making new highs and not breaking down. If it doesn't break down then buy. If it breaks out that's good.

They're doing very well. Don't wait for a pullback, because it may not happen. Buy partially, because it's rallying lately.

Not sure if this news is a huge positive for GM, but it affirms that driverless cars are a serious thing. Uber is expensive at 40x PE, but has 40% earnings growth forecast and mints free cash flow at 4.5% free cash flow yield. She's keep holding this.

Earlier this year, Elon Musk spoked the ride-share sector when he promised to then failed to unveil robo-taxis. For driverless taxis to work, you need mass demand which Uber has with its base of subscribers--Uber can fill these cards with riders. So this is a tremendous opportunity for Uber, though won't impact near-term earnings. It currently trades at a 32x forward PE (38x actually) with 30% forecast EBITDA, which sounds right. That forward PE is the lowest since Uber became profitable. RSI is 63 now, not overbought despite rallying. This will go north.

Excellent company. Strong future ahead - just scratching surface on technology. Software highly lucrative. Excellent network with 100MM users. Expecting large amounts of growth ahead. Self-driving also seeing major growth. Will continue to hold. 

All growth. Category leader. Mobility, and has expanded into delivery (food and beyond). Freight platform. Premium subscription service for special treatment. Being a platform company means that it benefits from scalability and network effects. Significant barriers to entry. No dividend.

Advertising is now meaningful revenue. Financial performance has turned the corner. He expects earnings to grow 21% at a compound rate from 2023-26. Trades at 30x next year's earnings; pretty undemanding given growth prospects.

YOY gross bookings +16%, revenue 8% and adjusted EBITDA 79%, beating the street.  In an economic slowdown, more people will work for Uber Eats, thereby lowering costs and prices. Also, the Uber One membership means $0 delivery fees. The food delivery business has been sticky.

They report Tuesday. Shares have lost momentum in the past few months. They need to focus on profits; gross bookings were up 20% in the last quarter.

It has a 2 1/2% weight in their portfolio. It is not part of the AI trend but automated cars are being used in California. This saves money for companies moving people, like Uber, since drivers are not needed. It is growing its market share.

It has a lot more leverage to pull. Share are -13% in the last 3 months. They beat on revenue and EBITDA, though with slight weakness in Latin America, while inflation has been troublesome. A plus is the abundance of drivers.

He's been paring back. Q1 numbers last week were fine, but missed on a couple of metrics. Healthy profit margins, FCF is growing. Stock's down on consumer weakness, hedge funds have been shorting. Dominant delivery company globally. Hold, and add in low $60s.

Expectations for recent quarter were high, he wasn't unhappy with the results. Now profitable. Growing into its valuation. Long-term opportunity, especially in advertising. May exit its freight division, as it's just a distraction. No dividend.

Driverless cars may disrupt its model, but could also be an opportunity. Don't be afraid of disruption. Disruption to good companies is all about opportunity.