Friday, Mar 29th 2019
We surveyed ~40 hedge funds, and most were not positive on Lyft's IPO. Long-term fundamentals were their main concern.
Lyft, the #2 player in what has been deemed to be a winner-take-all market, is opening to the stock market. We surveyed ~40 hedge fund investors in our first Titan Insider Pulse.
We're excited about Lyft's large addressable market. However, its unit economics are much less proven. Competition is intense, and valuation seems priced for perfection (no room for error as a business). Put them all together, and the long-term fundamentals seem mixed to us.
Learn with titan
Become the smartest investor you've ever been through straightforward, easy-to-read investment articles.
Refer to Titan's Program Brochure for more information. Certain investments are not suitable for all investors. Before investing, consider your investment objectives and Titan’s fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members FINRA/SIPC. For more information, see our disclosures. Contact: 508 LaGuardia Place NY, NY 10012. Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice. Check the background of these firms on FINRA's BrokerCheck.
© Copyright 2022 Titan Global Capital Management, Inc. All Rights Reserved.