3 reasons why I bought $UBER yesterday despite its earnings selloff. (Simplified) 1: 24% growth in Gross Bookings to $58B. 2: Record Free Cash Flow of over $2B meaning that the company has an extra 2 billion $ after paying off operating expenses, this is extra cash they can use to make improvements or pay debts which in turn will make the company more economically efficient. 3: Core operating profit grew 33% to nearly $2.5B, which essentially means that the company is getting a lot cheaper to run. It’s important to see the difference between a company getting weaker and a stock getting cheaper. When short term fear creates a disconnect between price and fundamentals, that’s where I usually like to position myself. 👊
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