At the end of the day, Uber is losing $5bn a quarter. The only way for them to get close to breaking even is increasing their fee. Very quickly this would make taxis a viable alternative again.
this coupled with the fact that this company is trading at 2x earnings. How can you have a company with 2000 vehicles on the road trading at a $12m market cap.
Management is solid. I think this business will make 10% net margins until the cows come home.
P2P Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
