And you expect us to believe you? Why spend the time commenting on a stock for which you are not an owner unless you are a short.
"Ride Sharing" - what a joke. Uber isn't a car pool with a van taking riders to work and sharing expenses. It is clearly a taxi service where the taxi is the driver paid by a business (Uber) of a car called by a customer the driver does not know whose payment goes to the business and who wants to go to a location the driver would otherwise not be going to. This is just a SCAM to get around government regulations, insurance, driver background requirements, car requirements and maintenance, etc.
Meanwhile, the Company's earnings estimates continue to be raised by the analysts, the Company is buying back stock, and has raised the dividend.
Fact is there has been significant Insider buys of the stock for some time now (and no sales). They are investing their own money in the stock. This should give confidence to the long term holder of the stock.
Uber is not a ride share or technology company. They are clearly a Taxi company and their claims otherwise are garbage.
I think when that happens we will finally see the beginning of the positive action in URA we have been expecting.
Fear of rising interest rates has affected most bond funds lately. However, since JFR's bonds are floating rate, it seems to me that such an event should not be an issue as the value of it's bonds should not drop and the fund's dividend payout should increase. The main risk to JFR should be a recession, but with the economy growing, that does appear to be in the cards. Comments?
What they should be enforcing is the requirement of a medallion for operating a taxi. Is a Uber car a ride share or a taxi? The answer is they are one and the same.
It seems that this message needs to get out, but for some reason has not. Someone/organizations have dropped the ball and should be using best efforts to correct this ASAP.
The technology should be here to stay, but not Uber unless the abide by the law. Taxi's require a medallion. Every Uber car is a taxi ("ride share" is a joke).
I was just reading my auto insurance policy from Auto Club. Coverage is EXCLUDED if the car is being driven for "ride sharing" like for Uber for liability and collision. I wonder how many Uber drivers are aware of that - no coverage for damage to their car from their insurance if it is in a collision and no coverage for property damage or personal injury to others. Wow! What a risk they are taking (potentially all they own). Further, I wonder if riders/customers are aware of this. They have to get damages for personal injuries they suffer from the Uber driver (who will probably have little to any assets) if an accident occurs and he is the negligent party.