Which stock excites me the most? I don't want a repeat of what happened last time. But for the record, I still love Uber, MSG Sports, and Atlanta Braves Holdings. Great shares.
Give me an update on Uber's thesis, because my view is that nothing they say matters. It is difficult to refute a negative claim. The market doesn't care at all. Okay, so...how much did Dara just buy?
How much did he just spend to buy shares for himself? I think 10 million. And the financial manager, I think, bought it for five. The stock is still not rising. Okay. The stock fell the following day.
So now they are buying back the shares. Institutional buyback. Insiders buy. They have actual and tangible partnerships for self-driving taxis on the streets of multiple cities with multiple partners.
That doesn't matter. This stock looks like it will trade at 12 times earnings. In terms of direction, this appears to be the path it is taking. I think it is almost impossible for the stock to remain the same if it continues to grow at a rate of 20 to 30% annually.
No, I can't tell you what the trigger is for that. Hmm, but you have a great business and this is a stock you should hold onto. I think this is an example of a buy-and-hold strategy because the business fundamentals are great.
Why don't they buy back the shares? Why don't they buy back 20% of the shares? Why don't they make a purchase offer? Yes. If you advise Uber, and talk to investor relations officers, the treasurer, and the CEO, virtually, you have been involved with many stocks that have been significantly undervalued for their growth over the years.
How do you get to a happy ending here? What else would you tell them besides managing and executing the work, which they are clearly doing? What would you tell them regarding stock market management if they believed they were still capable of investing in the business?