Lyft’s revenues double, losses quintuple and prospects darken

Post by LifeofPi314 » Fri, May 10, 2019, 5:21 PM UTC

chollida1 wrote: post #45

LifeofPi314 wrote: post #34

Earlier quoted context omitted.

Could you please tell me how do you find out what the borrow rates are for short shares and how many are being shorted?

Bloomberg terminal will give you a lagging number for SI(Short interest). If you want a current indicator you have to pay for it from companies like Markit that poll hedge funds. The idea being that if you want to know the number you pay by including your own data that they can then show to other funds in aggregate. For the borrow rate you ask your prime brokerage(like a bank but for holding equities/derivatives/etc)…

Post by jmull » Fri, May 10, 2019, 5:27 PM UTC

marcinzm wrote: post #13

jmull wrote: post #3

"...and prospects darken" It doesn't actually sound like that from the body of the article. I have no idea if this is true or not, but the story says most of the $1.14B loss was due to booking employee stock based compensation of $894M. I'm assuming that's come out of the IPO and is not a recurring cost. With revenues of $776M, which perhaps are mostly recurring, doesn't that seem to bode well for the future? Of cour…

>With revenues of $776M, which perhaps are mostly recurring, doesn't that seem to bode well for the future? Isn't the majority of that going to drivers which gives them a lot less room to maneuver financially?

Post by chollida1 » Fri, May 10, 2019, 5:32 PM UTC

justinv wrote: post #149

chollida1 wrote: post #4

When Lyft was doing their road show there were a few analysts who had price targets of $45 as Lyfts fair value at IPO with an acknowledgement that the amount of shares available would double, and possibly triple when all shares were off restriction, meaning that the $45 price target was a best case and we would probably see far lower once people can sell. This is a company that has maybe 33 million shares outstanding…

While they have 27 million shares short, you may want to look at Levine's take today on that - not all the shares are actually available due to hedging exposure. The 27MM is on top of the 33MM, not out of them. Levine: "Here’s a pretty good statistic about Lyft Inc.: Short interest in the No. 2 ride-hailing company has risen to 27 million shares, according to financial analytics firm S3 Partners, while Lyft’s public…

Post by airstrike » Fri, May 10, 2019, 5:34 PM UTC

jjeaff wrote: post #147

GCA10 wrote: post #87

Earlier quoted context omitted.

Right now, Uber keeps 22 cents on each dollar paid by passengers, as its fee for creating the app, keeping it working, etc. That's cheap relative to the iTunes store, which keeps 30%. It's preposterous compared to the 3% that real-estate agents get for buying or selling a home. We really don't know what the "fair" rate is for running a ride-hailing business. We know what's been collected to date in a venture-funded d…

While I think real estate agents get too much when it come to higher dollar properties, it doesn't compare well to Ubers service. A lot of Ubers cost is fixed, there is almost no marginal cost for each ride. A RE agent has to put in significant work for each commission they earn.

Post by kurtisc » Fri, May 10, 2019, 5:45 PM UTC

nytesky wrote: post #67

jkubicek wrote: post #56

> Most of that was down to booking stock-based compensation plans for employees, who earned $894m from Lyft’s initial public offering Could someone help me understand what this means? Is this compensation above and beyond employee stock options? If not, that means employees own ~5% of Lyft, which is much less than I would expect. As an employee of a pre-IPO startup, I'd love to get a better handle on the realistic va…

0. It’s a lottery ticket. To be realistic. Esp with the DOW down 300 today.