The stock for Lyft began the week over $13 a share. After reporting that earnings exceeded expectations, even though rider usage is down (meaning the Lyft average profit margin is rising) the stocks price began to slide- why? Because investors noticed Uber market share is up which causes average investors to be concerned Lyft has an inferior market Share to Uber, currently priced more than double of Lyft’s stock. The Morningstar investment rating of Lyft stock is 5 out of 5 stars and the long term investment powerhouse issues a fair market value of Lyft’s stock between $50 and $60 a share – making Lyft stock a “great value.”
Uber’s current increased market share is unsustainable as Uber has not yet turned a profit in the United States. Not even close.
Furthermore – for options investors the calls for $12 and $15 dollars a share are going for over $300 in the short term – meaning investors can by covered calls essentially costing around $7 a share with a buyer willing to purchase them for $10-12 giving a 70% chance of a 45% return in 12 months.
Plus collectors of Hiltons points get points for every Lyft when you link your accounts.
Investors that would like to experience high gains in 2023 should think pink and Lyft their savings – possibly in a suite at the Hilton.
– Joseph Smith
Htxjoe@me.com
Cj Contractor Services 