Huge fan of this - Be Gone Quebec (mes amis du Quebec … Je suis desole)! Quebec does nothing but leech of the tit of Canadian tax payers. Denying energy independence yet taking oil money from Alberta to fund their failing socialism projects. Talk about irony. Huge fan of this. They can take their fair share of the federal debt too. Au Revoir 🇫🇷👋

With what capital?

Would not touch. Used to work with them, sketchy business.

Source?

How

Also agreed.

Cheap but not a steal (my opinion). Definitely misunderstood, agreed.

Still not a steal imo

It’s really simple in my mind. Mobility will be a (net) accretive event for anyone. The TAM for rideshare probably goes exponential from here. Why would the younger generation like myself pay for a car (obsolete asset that depreciates, costs money to maintain and insure) when I can have mobility on demand for a fraction of the annual cost without having to also pay for parking? Uber wins this game by simply aggregating demand and controlling some of the supply. They have to do more M&A in the mobility space and increase equity stakes in AV labs to own the supply functionally. But I personally see a market where Uber, Tesla, Waymo and many others dominate in their respective geographies. Tesla will be a winner in America. Waymo, Uber will fight for international market share. I don’t see how Uber is a 0. People want convenience. All Uber has to do is put an “autonomous category” option and instantly they do more trips than any AV lab combined.

That is what momentum trading is … yes.

I anticipate another 30-35% downside in them just on a pair trade basis with American financials.

Personally if you’re going to raise 18-19B may as well raise 35B and buy Reddit out. Just higher quality platform they can actually get a great ROI on.

Unpopular opinion but Canadian financials $TD $RY $BMO $BNS $CM trade at a massive premium to American counterparts $WFC $BAC $C and I think that disconnect gets solved by Canadian financials rerating. They have a cult following of “they’ll never go down” so I’m prepared to be called a moron. I don’t see a world where Canadian financials should be more expensive than American banks. I think the solve here is Canadian financials rerating back to normal P/BV multiples.

I’ve seen quite a few posts about “not fighting the tape”. There’s lots of wisdom in that. Generally, it’s easier to momentum trade. The question is what does your edge become if you’re riding pure momentum? Moves can happen over night or the weekend and trap you in your position. What then? How can you hedge into each weekend? That could be costly and diminish your returns. Hedging in momentum generally increases one’s sharpe ratio and decreases total return. I’m not against momentum trading. But to say it’s the only source of alpha is a lie. I think the easiest edge one can have is just identifying mispricing in the market and longing the reversion to the mean. There’s so many businesses today down 30, 40 or even 50% + from all time highs. Single digit or low double digit earnings multiples. Still achieving the rule of 40. Strong balance sheets and market positioning. The reason? AI exists. That has put a big question mark in terminal growth rates for a ton of businesses.

Crazy that lots of these names are trading at high single / low double digit earnings multiples while chugging along. You’d think these names have a debt crisis.

Sorry wasn’t a shot at Brandon he’s a good dude I meant in general.

Fucker 😂😂😂

Momentum **?

So you’re saying that demand for quality companies is low hence price falling, so people are chasing moenntjm?