IPO offered, should I buy?

Oscar Levant

Well-Known Member
Try to look at this as a pure business decision my feelings towards Uber aside --should I buy? What is the word on the street?
 

amazinghl

Well-Known Member
What else need to be said?

https _blogs-images.forbes.com_lensherman_files_2017_12_Uber_PL-e1513194172690.jpg
 

UberBastid

Well-Known Member
If you like buying businesses that lose money, I got one to sell you, cheap too.
It includes a 10 yr old Toyota Avalon with 260k miles on it, the Uber ap, 3000+ rides, all the badges (except cool car, of course) and a 4.85 rating. Also included is a sign begging for tips, and three barf bags (mostly unused, refurbished and like-new).

I was losing, I figure, about $1000 a month, so, by Uber standards the business must be worth about $1.2 million.

But, I'll make you a good deal.
How about $1 mil even.

Half down in cash, 10% interest only payments, all due in 5 years.

Deal?
 

Ubermcbc

Well-Known Member
If you like buying businesses that lose money, I got one to sell you, cheap too.
It includes a 10 yr old Toyota Avalon with 260k miles on it, the Uber ap, 3000+ rides, all the badges (except cool car, of course) and a 4.85 rating. Also included is a sign begging for tips, and three barf bags (mostly unused, refurbished and like-new).

I was losing, I figure, about $1000 a month, so, by Uber standards the business must be worth about $1.2 million.

But, I'll make you a good deal.
How about $1 mil even.

Half down in cash, 10% interest only payments, all due in 5 years.

Deal?

To the point. Great pitch. Lol
 

everythingsuber

Well-Known Member
Why buy a stock now that will fall with every quarter that goes by and everything financial result that is published.
Remember the beginning of last year Dara told everyone Uber would be making a profit in 3 years?
Ubers board also told investors they would have 17000 ( or was it 70,000?) automomus vehicles operating this year.
2 months ago Uber was claiming it would IPO at a value of 120 billion and shares would come on to the market at about 81 dollars.
In 2 months Uber has aready wiped 40 billion in value off the company and 35-40 dollars off the share price?
Uber currently has 7.5 billion dollars worth of debt and not in a position to take on any more debt as things tighten up.

80% of IPOs go south after listing and no IPO with a risk section on their S-1 that totals 35,000 words exists. Microsoft was only 1100 words for example.

Why would you not wait and see where Uber goes?
 

Drivincrazy

Well-Known Member
Why would Uber reward its investors when they can't even treat the drivers fairly? Whatever happened to the 75%-25% split of the fare? Uber will do the same thing to investors as it did to drivers...screw'em. It's part of their history and it is in their dna as a modus operandi. Only the bid dogs will be chowing at this party. And, they won't be the investors for a long, long time.
 

Oscar Levant

Well-Known Member
I'm seeing a lot of emotion in some of the responses, and I didn't want that. If the losses are getting less and less, which would indicate the day is coming where there will be profitability, plus Uber is expanding into other more profitable markets, on a stictly biz level, it might be a wise buy. Lyft's stock is rising slowly but steadily ( I think, haven't checked it recently ).
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everythingsuber

Well-Known Member
I'm seeing a lot of emotion in some of the responses, and I didn't want that. If the losses are getting less and less, which would indicate the day is coming where there will be profitability, plus Uber is expanding into other more profitable markets, on a stictly biz level, it might be a wise buy. Lyft's stock is rising slowly but steadily ( I think, haven't checked it recently ).
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No Lyft just announced a 1 billion dollars plus loss for the quarter. On growth that will be at Ubers expense. Lyfts trading is volatile at present.

Might be a great buy but going to the casino and backing red at roulette could work out ok as well.
 

I_Like_Spam

Well-Known Member
Why would you not wait and see where Uber goes?


If you want to make the really big money, you have to step out in faith. But I will tell you this, there is a lot of pitfalls to Uber ever making a nickel.

Grubhub is actually making money in food delivery and there are other competitors to uber eats as well.

New competitors can arise. How many independent drivers does Amazon have delivering packages? Bezos has more money than God and could easily enter ride sharing if he wants, it could be a good synergy for him.

And of course, retaining drivers while increasing margins is going to be a hard trick for Uber to accomplish.

Only time will tell, but if you like the Uber story, the time is nigh to get involved.
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No Lyft just announced a 1 billion dollars plus loss for the quarter. On growth that will be at Ubers expense. Lyfts trading is volatile at present.

Might be a great buy but going to the casino and backing red at roulette could work out ok as well.

Betting the pass line at craps or the banker at baccarat is lot better bet. Casinos have 5% advantage for the roulette wheel, 4 times what they get with the other sports.
 

Ubermcbc

Well-Known Member
I'm seeing a lot of emotion in some of the responses, and I didn't want that. If the losses are getting less and less, which would indicate the day is coming where there will be profitability, plus Uber is expanding into other more profitable markets, on a stictly biz level, it might be a wise buy. Lyft's stock is rising slowly but steadily ( I think, haven't checked it recently ).
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The way rideshare industries running their business, they belong to penny stock. Haven't you read their initial ipo filing? Clearly mentioned, we have never made any profit and never will. If they haven't gone ipo, they could have prolong their imminent death. But after ipo, they will face enormous pressure from the investors like you to make profit, resulting in more less pay to the drivers and loosing them which means less revenue, more loses, more burning ipo cash. They already have huge amount of debt. Not to mention more lawsuits loses in the future too. And what other business venture they have gone into? You are talking about stolen SDC car technology or the electric scooter? Lol.

If i have an itch to gamble, I'll go for the slot machine or scratch off tickets. The odds to make some profit is way more higher than rideshare stocks. Lol.

Good luck.
 
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I_Like_Spam

Well-Known Member
The way rideshare industries running their business, they belong to penny stock. Haven't you read their initial ipo filing? Clearly mentioned, we have never made any profit and never will. If they haven't gone ipo, they could have prolong their imminent death. But after ipo, they will face enormous pressure from the investors like you to make profit, resulting in more less pay to the drivers and loosing them which means less revenue, more loses, more burning ipo cash. They already have huge amount of debt. Not to mention more lawsuits loses in the future too. And what other business venture they have gone into? You are talking abiut stolen SDC car technology or the electric scooter? Lol.

If i have an itch to gamble, I'll go for the slot machine or scratch off tickets. The odds to make some profit is way more higher than rideshare stocks. Lol.

Good luck.


Traders apparently like what Lyft reported today after the markets closed. The stock is up a point and a half in after hours trading.
 

Ubermcbc

Well-Known Member
Tesla has never made money, yet the stock moved higher. Just because a company is losing money, doesn't mean you can't make money on its stock.

Tesla still has a future. How many investors can start a similar company? Not many. How many investors can start rideshare venture? Several. Besides, Tesla has a physical product. You are comparing apples to oranges.
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Traders apparently like what Lyft reported today after the markets closed. The stock is up a point and a half in after hours trading.

Hold your horses. There are several big players who have high stake in guber stocks. They won't let it fall flat right away until the key management dumb their stocks.
 

JustTreatMeFair

Well-Known Member
How much can you afford to tie and and for how long can you wait for it to show a return.

LYFT is currently 16% below what it opened at.
 
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