Why I see Uber as an asset-light, cash-generating "royalty business" on real-world demand, and why today’s price still embeds skepticism
Now deduct SBC and insurance reserve and do the multiple. Its now cheaper at 70. Was definitely not that cheap at 90+
Your framing of Uber as a 'royalty company' is a brilliant observation that clarifies so much. Do you foresee this 'royalty on growth' paradigm extending to other, less obvious sectors?
Now deduct SBC and insurance reserve and do the multiple. Its now cheaper at 70. Was definitely not that cheap at 90+
Your framing of Uber as a 'royalty company' is a brilliant observation that clarifies so much. Do you foresee this 'royalty on growth' paradigm extending to other, less obvious sectors?