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Uber – an Epochal Short?

29032019_Uber

Uber – an Epochal Short?

Would you invest in a business that is alleged to have a “toxic” and “discriminatory” culture? What about a business that is alleged to have been investigated for a software tool allegedly designed to evade and deceive authorities? Would you invest in a business that potentially had equally deep, or deeper, pocketed rivals in almost every one of its business divisions?

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Roger is the Founder and Chief Investment Officer of Montgomery Investment Management. Roger brings more than two decades of investment and financial market experience, knowledge and relationships to bear in his role as Chief Investment Officer. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.

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3 Comments

  1. Hi Roger, thanks for the article. I wonder if these unicorn floats and their performance will turn out to also be an overall market turning point. I am on the fearful side when you look into the economics of Uber, Pinterest , Lyft, Tesla etc and the valuations . I suppose countering that is the Federal Reserve’s cooling of their heels on rate rises for the foreseeable future.

    Cheers
    Jim

    • I wonder whether loss making businesses are truly more valuable when interest rates fall. I suspect the value of zero remains zero even when rates decline…

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