No. of Recommendations: 7
Thanks for the link and replies there...interesting that Apple makes the 'good list' and Buffett owns it and not the others.
For the record, my statement "23 times....FCF after SBC is actually ZERO." is incorrect. I copied the wrong line into my analysis and then jumped to a confirmation bias! I was too keen to end my Uber investigation and get back to a different company. Apologies to any Uber holders. Hopefully none here.
What I should have said, was that Uber is currently trading at 23 times 2024 FCF, which increases to 31 times after SBC. A significant jump but nothing like as dramatic, as my FCF after SBC is actually ZERO statement. Actually, the earning growth Uber is achieving, makes the 31 multiple quite a bit more reasonable and I should probably continue looking into the firm...
By the way, I don't judge executives at big tech for paying themselves very well. After all, they are are doing all the work and the competition for the best software talent is fierce. Or at least it was. I heard recently that it has cooled quite a bit after the 2022 tech sell off and the maybe the introduction of AI to do coding changes things a little. I like many other, just don't like the references to FCF without any recognition of SBC.
