|Bid||21.95 x 2200|
|Ask||21.93 x 800|
|Day's Range||21.80 - 22.34|
|52 Week Range||21.24 - 24.50|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||18.45|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||25.00|
An Atlanta-based company is in talks to purchase Levi’s Plaza in what could be one of the biggest San Francisco office sales ever. Jamestown LP, a real estate investment company that owns the neighboring Waterfront Plaza, is moving ahead in talks to purchase Levi’s, according to three sources familiar with the discussions. Levi's Plaza serves as the headquarters for jeans company Levi Strauss & Co. (NYSE: LEVI), which leases about 354,000 square feet of the multi-building campus at 1155 Battery St. In January, owner Gerson Bakar & Associates put the property on the market for the first time.
Uber goes public on Friday at a valuation expected to be somewhere between $80 billion and $90 billion. Given that the ride-hailing company is said to have tempered its valuation to ensure a strong buy-in from investors, some people might be tempted to buy Uber stock on the first day of trading. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere are my two cents on the subject: Don't. Let me tell you why. Uber Stock Is a Disruptor AlrightIn Toronto, Canada, I know do-it-yourself investor and author Robin Speziale. He built a $300,000 portfolio before he was 30. He has also managed to publish several investment-related books while working a very demanding full-time job. He's an impressive person who's passionate about investing. I recommend you check out his work.Anyway, his latest blog post arrived in my email this morning, and it just happened to focus on disruptor stocks, those companies that are turning entire industries upside down for the better. * 10 Great Stocks to Buy on Dips "In 2019, a group of five big disruptive companies will IPO (some already have) on the stock market. This is probably a good opportunity to add new disruptors to ones portfolio; companies that are gobbling up their respective competition, and entire industries," Speziale wrote. The companies he was referring to are Uber, Lyft (NASDAQ:LYFT), Beyond Meat (NASDAQ:BYND), Airbnb and WeWork.Robin's believes DIY investors should own companies that are disrupting and selling those that are getting disrupted. He's not wrong. One only needs to look at the performance of Amazon (NASDAQ:AMZN) since going public in May 1997 to understand the power of disruption. There's no question that Uber belongs on this list of disruptors. It has built a tremendous service business using technology as the sparkplug. However, just because Uber is a disruptor, it does not mean you should buy its stock on the first day of trading. I know Robin well enough to know he would say the same. The Uber IPO Will Open HigherThere have been 49 IPOs so far this year through May 8, 26% fewer than at this time last year. The performance of the Renaissance IPO Index has done well, up 33% year to date. Of the 49 IPOs, Beyond Meat's first-day return of 163% will almost certainly stand for the remainder of the year as the best first-day return for U.S. IPOs in 2019. In fact, it was the best first-day return in almost 20 years. But I would be shocked if Uber didn't open higher given the excitement surrounding the Unicorn Class of 2019. If you were able to get some Uber stock in the IPO offering, I'd consider selling if it opens up 25% or higher.That's because the warm fuzzy feeling that investors have on the first day often fades. That's especially true when talking about money-losing businesses such as Uber."First-day returns aren't predictive for subsequent returns," UBS' head of asset allocation Jason Draho said in a note May 7. "IPOs can be attractive investments if you can get an allocation, but much less so if you're buying in the secondary market."Just look at Levi Strauss (NYSE:LEVI). It went public March 30 at $17 a share. It gained 31.8% on its first day of trading. Since then, it has gained an additional 1.1%. Should Levi's deliver a weak earnings report -- its first as a public company in early April was a good one -- you can be sure LEVI will lose some or all of those gains. Canadian billionaire money manager Stephen Jarislowsky wrote about IPOs in his 2005 book The Investment Zoo"New issues are typically well promoted," Jarislowsky wrote in his 2005 book, The Investment Zoo. "My experience is that you can buy nine out of 10 new issues at a lower price a year or two later … I generally avoid new issues."Not convinced. Between 1980 and 2016, the average six-month return of IPOs was 6%, 200 basis points higher than the market over that period. The first-day return of IPOs over the past 40 years is 18%, which suggests that stocks tend to lose their first-day gains and then some over the next six to 12 months, playing right into Jarislowsky's hand. The Bottom Line on Uber StockUltimately, Uber might become the next Amazon. Nobody knows what will happen. What I do know is that if Uber is up significantly in its first day of trading and you want to buy its stock, I would wait for six months to see how it trades. History suggests you'll be able to get it at a better price by waiting for a correction. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dangerous Dividend Stocks to Stay Far Away From * 7 Tips for New Investors Young and Old * 10 Great Stocks to Buy on Dips Compare Brokers The post Do NOT Buy Uber Stock On the First Day of Trading appeared first on InvestorPlace.
The company is trading on the Nasdaq under the symbol BYND. Beyond joins Levi Strauss, Zoom and Lyft in going public this year. Beyond Meat shares surged 135% in their market debut Thursday, giving the maker of plant-based meat substitutes a market value of $3.52 billion.
The closely held pet superstore filed a registration form Monday for an initial public offering of Chewy. Proceeds from the potential IPO would be used for working capital and other general corporate general purposes, the company said in a statement. PetSmart’s $4 billion loan due 2022 jumped to more than 96 cents on the dollar after the announcement of the IPO filing, up about 2 cents, according to people familiar with the pricing.
More shoppers are buying secondhand goods, and brands are getting in on the action rather than leaving that business to thrift and consignment stores.
The IPO market is red hot right now, and investors' appetite for zero-profit IPOs is being tested. Tomorrow we have 6 IPOs to look forward to, most notably social media platform Pinterest and video chat application Zoom.
Levi Strauss & Co. today announced that its 2019 Annual Meeting of Shareholders will be held on July 10, 2019 at 10:00 a.m. Pacific Time at the company’s headquarters located at 1155 Battery Street, San Francisco, CA 94111.
Levi Strauss & Co. (NYSE: LEVI) shares resumed trading on a public market for the first time in more than 30 years in late March. Levi's boasts an iconic brand in the $100 billion jeans market and is led by CEO Charles Bergh who brings tremendous experience in brand-building, JPMorgan's Matthew Boss said in a note. Bergh implemented new strategies and initiatives, including marketing and product improvements, a focus on Women's and a direct-to-consumer business.
rose 2.1% to $22.92 Monday after JPMorgan initiated coverage of the apparel company with an overweight rating and set a $26 year-end price target. "Levi's is an iconic brand and the global market leader in a $100B Jeanswear market with (more than) 165 years of history and strong product DNA having invented the 'Blue Jean' in 1873 with Levi's brand equity serving as a meaningful barrier to entry, in our view," Boss said.
A slight flattening of the yield curve may hurt bank stocks' profitability, but underwriting of several unicorn IPOs should help these financial ETFs.
J.P. Morgan initiated Levi Strauss & Co. as overweight Telsey initiated Levi Strauss & Co. as outperform Goldman Sachs downgraded Wells Fargo to neutral from conviction buy Goldman Sachs downgraded Nokia to sell from neutral Nomura Instinet upgraded Dow to buy from neutral Oppenheimer downgraded CVS Health to perform from outperform Bank of America initiated Five Below as buy Longbow upgraded Western Digital to buy from neutralHere are the biggest calls on Wall Street on Monday: J.
Lyft (NASDAQ:LYFT) went public on March 28 at $72 a share giving the ride-sharing app a market cap of $20.6 billion right out of the gate. In the two weeks since LYFT stock has lost 18% of its IPO valuation. Now, Uber has filed its preliminary prospectus and looks to go public in May.Investors are left pondering which money-losing company to own; Uber, the market-share leader, or Lyft, the competitor nipping at its heels. InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere's a clue: Do nothing! Buy neither. Invest in stocks that make money. Recent ExperienceLast weekend, my family gathered in Toronto to celebrate my mom's 85th birthday. Because there was going to be a bunch of us, we rented a condo downtown so we'd be close to the action. Uber was our ride of choice. Having lived in Toronto until February 2018, I was well aware of the ride-sharing app. My wife and I used it all the time. Then I moved to Halifax and, boy, do I miss it. My sister lives in Victoria, and before that Vancouver. Neither place has Uber. In one weekend, she's become a fan. Who's going to drive and treat their car more carefully than the actual owner? Most of the cabs I get into in Halifax smell someone's been sleeping in the back seat. No thanks. * 8 Risky Stocks to Watch as Earnings Season Kicks Off Lyft and Uber, they both make sense in a world where most taxi drivers hate their job. Sure, there are lots of stories about assaults, fake drivers, etc., and the companies must be held to account for these incidents, but there's no denying the concept itself is a good one. A Slight Financial ProblemI could swear people who buy IPOs like Lyft or Uber imagine themselves to be part-time venture capitalists. As if their ownership stake is going to make all the difference in the companies making money. I don't need even two hands to count the number of money-losing stocks I've recommended to readers over the years. I'd have to think about it to come up with the actual names: Tesla (NASDAQ:TSLA) and Roku (NASDAQ:ROKU) are two. After that, it gets difficult, but I'm sure there's a few that will come to me. Anyway, I don't believe regular investors who work in a job unrelated to finance, should be putting their hard-earned pay to money losers. The whole point of the stock market is to provide individuals with the opportunity to own profitable companies that are growing. A small piece of a bigger pie, if you will.It isn't for speculating on how big Lyft and Uber can become.As it stands right now, Lyft and Uber are exceptionally good at losing money, it's part of their unicorn DNA. By buying shares of either company's IPO, you're merely helping professional venture capitalists exit their investments.There are exceptions where early-stage investors hang on to their shares for an extended period after going public, but those are few and far between. If it were up to me, companies wouldn't be allowed to go public without GAAP profitability in the latest fiscal year. Leave the money-losing growth phase to private companies. I get that my idea defeats the point of raising capital on a public market, but if the SEC were really about protecting investors, they'd heed my words. $3.7 Billion in Operating Losses and CountingIn fiscal 2018, Lyft and Uber had operating losses of $688 million and $3.0 billion, respectively. That's an operating margin of -27%. Both prospectuses state that they may never make money. Ever. * 7 Biometric Stocks to Watch as AI Rises That would be like someone telling you that the house that you're about to buy from them is never going to appreciate. If you knew this, there is no way you'd buy it. Yet folks are lining up to buy the IPO shares. It's nuts. While the number of stocks listed on U.S. stock exchanges is shrinking -- falling from 7,300 in 1996 to 3,600 in 2016 -- there are still a large number of options available to investors. Many of them making money. Bottom Line on Lyft StockRecently, I poo-pooed the Levi Strauss (NYSE:LEVI) IPO, offering readers with seven reasons why I wouldn't touch it. Losing money wasn't one of them. Up 36% since March 20, investors who did buy shares get the last laugh. For now. I still believe its upside isn't nearly as rosy as analysts feel it is, but at least it makes money. Buy those kinds of IPOs. Unless you have a fun fund, don't buy the Lyft or Uber kind. The wait for profitability will kill you.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post Do You Bet on Money-Loser A (Lyft Stock) or Money-Loser B (Uber)? appeared first on InvestorPlace.
Two years ago, Uber Technologies Inc. was the quintessential Silicon Valley problem child. Yet when the most highly valued Silicon Valley tech startup finally filed for its initial public offering on Thursday, it portrayed itself as the grown-up among its peers.
J. Crew Group Inc. is “actively exploring strategic alternatives” for itself, including a possible initial public offering for its Madewell brand of women’s clothing and accessories.
Investing in multiple IPOs at the same time can be a difficult task; however, investors can easily tap the IPO resurgence with the two domestic-focused ETFs.
Yahoo Finance's Julie Hyman, Scott Gamm and Brian Brenberg of the King's College discuss the IPO landscape with Shark Tank's Robert Herjavec.