I've gone through UBER's financials, and I think this is a stock play, not a bond play. Unlike Tesla, Uber seems to want to borrow on a regular basis. So If I'm wrong about the outlook for Uber, I can see a scenario where they issue more senior and secured debt. That would hit the existing bonds.
Nonetheless, I really like Uber's fundamentals and management.
I noticed on today's tape that Blue Apron is looking for a buyer or some other type of financing. They don't directly compete with Uber Eats, but there is an overlap. The fact that Softbank style investors are not willing to pour money into them is a good sign for those left standing.
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Comments are welcome, although I can't promise to answer every question.