On the surface level, ridesharing service provider Lyft (NASDAQ:LYFT) seems like an attractive, undervalued alternative to sector king Uber (NYSE:UBER). Further, with the economy on a recovery trek, the smaller competitor could ride coattails. However, should broader conditions become squeezed, the ridesharing industry could become commoditized. In that scenario, Lyft arguably doesn’t offer competitive distinction. Therefore, I am bearish on LYFT stock. Financial Backdrop for LYFT Stock Seemingl
Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...
Thru | Total | Purse | ||
---|---|---|---|---|
F | -20 | $4,500,000 | ||
F | -19 | $1,891,667 | ||
F | -19 | $1,891,667 | ||
F | -19 | $1,891,667 | ||
F | -16 | $1,025,000 | ||
F | -15 | $875,000 | ||
F | -15 | $875,000 | ||
F | -14 | $781,250 | ||
F | -13 | $706,250 | ||
F | -13 | $706,250 |