TIP844: Uber (UBER): The Autonomy Referendum — Is Mr. Market Completely Wrong? w/ Daniel Mahncke & Shawn O’Malley

You're listening to TIP. Welcome back, folks, to the Investors Podcast, episode 844. And today's a special one because we're not pitching a new company. We're here to discuss a company that I feel gets referenced in nearly every episode that we do, so it definitely deserves to be actually be revisited with a full update, especially since it's one of the largest holdings in our intrinsic value portfolio of stock. So For context, last year, Sean, you pitched Uber to me and we added it to the intrinsic value portfolio. Well some pretty good timing. It was around the time when the market sold off over Terra Fears, last April, which by now

feels like a decade ago, and I would say both of us, including our colleague Stick, have become increasingly excited about Uber's long term prospects, while their stock, on the other side, has been basically flat since we first looked at it. So Bookings are compounding at around twenty percent a year, the user base is growing at sixteen percent a year. And free cash flow is running at ten billion dollars annually, and the company is buying back billions in stock just

Three billion dollars last quarter alone. Shrinking the share count, which is something that we Always like to see with our portfolio holdings and The shock is gone. Again.

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