Uber Technologies, Inc. (UBER) listed on May 10th, 2019, with a build-up, subsequent fanfare, and a management promising big thigs for investors. It did not live up to this promise. After The Edge highlighted it was one to be avoided, a few days later after the snap-crackle-and-pop of the IPO, CEO Dara Khosrowshahi acknowledged Uber’s rocky trading debut and indicated “‘tough public market times could take months.” It would take almost another year and half for investors to get their money back.
News & Press
Insider Banks on Jackson Financial
Dec 5, 2021
An interesting open market purchase took place recently (November 12) at Jackson Financial (JXN), observes Jim Osman, editor of the specialty advisory service, The Edge Spinoff Report.
BuzzFeed Is About to Go Public — and Its Employees Are Walking Out in Protest
Dec 2, 2021
BuzzFeed shareholders will vote today to take the company public via a merger with a special-purpose-acquisition company, or SPAC. The deal is expected to close Friday. By Monday, the company could start trading under the stock ticker BZFD. Shares are expected to trade for around $10. Jonah Peretti, BuzzFeed’s CEO, has already sent out invitations for the ringing of the bell on the floor of NASDAQ and for a celebratory dinner at the Indian restaurant Sona, where he will perhaps chow down on $38.
The Edge Conference Presenter Jonathan Boyar’s Top Three Ideas
Nov 29, 2021
The traditional approach to value investing is buying stocks that appear cheap relative to their book value. Most often these cheap stocks are discovered by investors who pour over financial statements and filings to establish stocks that others are underestimating. Independent research firm Boyar Research tears up the value-investing playbook by looking at value stocks through a private-equity lens, and demonstrating that finding value picks can be more than just looking at financial.
The Edge Conference Hosts Joel Greenblatt, with 6 Tips & 1 Special Sits Idea
Nov 29, 2021
Over the years, Joel Greenblatt has surrounded himself with investing titans as a disciple of Warren Buffett and Ben Graham’s investing philosophies. He famously provided seed money to “Big Short” investor Michael Burry to start Scion Capita and received his own seed money from “junk bond king” Michael Milken. Between 1985 and 1994, the legendary investor averaged astonishing annual returns of 50% managing Gotham Capital — the predecessor of his current firm Gotham Asset Management.
Playboy’s Metaverse Vision Can Double The Stock Price
Nov 29, 2021
Following in the footsteps of Facebook’s decision to rename its brand as Meta, Playboy is revving up its entry to a Metaverse of digital and real-world opportunity as its successful SPAC launch will further transform and propel its brand into a global lifestyle.
Find Value Stocks by Analyzing Insider Trading
Nov 22, 2021
Elon Musk and his brother Kimbal hit headlines last week when they respectively sold $8 billion and $109 million of Tesla shares. That sort of behaviour can serve as a price signal for investors, according to George Muzea, who tracks when directors and employees buy and sell shares in their companies. “Insiders are basically value investors,” he said, speaking at the Edge Group‘s investing conference in London, which was raising money for Alzheimer’s research. “They buy into price weakness and.
Post-Pandemic Bets: ECM Watch
Nov 19, 2021
Meanwhile, special situations and activist investing will play outsized roles coming out of the pandemic, according to panelists at a conference on Thursday hosted by The Edge Consulting Group. Stocks including Uber Technologies Inc. and General Electric Co. contain hidden value that could be unlocked as the economy normalizes, investors and analysts said at the non-profit event benefiting The Alzheimer’s Association. “A lot of people take a look at the academic research and say ‘If you bought.
GE, Johnson & Johnson, Toshiba, the old conglomerates are splitting up
Nov 15, 2021
Three industry giants, GE, Johnson & Johnson, and Toshiba, announced this week their split into several companies, a fundamental move, demanded by the financial markets, intended to provide consistency and readability, while favoring the sectors of growth. “This illustrates a trend which has been at work for more than twenty years and which pushes companies to focus on a single market”, analyzes Michael Useem, professor at Wharton University and specialist in industrial restructuring. For him,.
Companies Breaking Up Are Signs of a Market Top
Nov 12, 2021
Companies all of a sudden seem to have a burning desire to break up. Investors get excited revaluing stocks, searching for hidden value that can boost portfolio returns. They shouldn’t. It’s a sign of a market top.