Consumer

Uber Promulgates Platform Platitudes

Uber Technologies (NYSE: UBER) wants to be positioned as a “platform” company so we’ll grant them their wish and evaluate them from that perspective. As an aside they filed their prospectus as “a prepackaged software” company. The deal will certainly get done as investors are keen to own the clear market leader in this space…

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Beyond Meat is a Little Fishy

Update: Company increased its proposed price range to $23-25/share. Tyson announces the sale of their investment in BYND. They are expected to bring their own competitive products to market. Bears say “tough competition,” Bulls say it “validates the market.” Beyond Meat (BYND) is marketing their IPO right now. This is a great story to tell and…

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The Persistence of Pinterest

Our online world has some stalwarts – like Amazon, Google, Twitter, Facebook, LinkedIn. As Pinterest (PINS) debuts in the public markets, we wanted to take a look at what Pinterest really is and what it might become. As a user, I appreciate the visual discovery power of Pinterest. As a hobby, I build furniture and…

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Lyft Looks Like a Hot Mess

There’s been plenty written about the Lyft IPO (NASDAQ: LYFT) scheduled to price Thursday after the close and open for trading on Friday. Most of the commentary has been about whether or not the Lyft has the ability to make money and if so, what the margins might be. We did include a valuation section…

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Levi Strauss

Lots of jean brands have come and gone over time but it’s fair to say that “Levi’s” has endured as the brand most people think of when it comes to jeans. Now investors will have a chance to own shares of this iconic brand. The company is offering 37M shares (NYSE: LEVI) with a proposed…

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The Initial Lyft

We did an initial read of the Lyft ($LYFT) S1 and came away with the following: An ESG Play? Management is playing up the “ESG” angle of their investment case. That’s an investing style that is gaining traction where companies are environmentally responsible, socially conscious and have strong corporate governance. Management suggests they qualify for a…

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Virgin Trains USA

Virgin Trains USA (NASDAQ: VTUS) is planning a $500M IPO this week to become something of a private force in the build-out of private train systems in parts of the US. The company has a small and successful train service in Southern Florida that it plans to expand to the central part of the state….

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Legacy Housing is a good old fashioned business.

We like old-fashioned businesses. This one is in low-cost, manufactured housing. If you know what a “double-wide” is then you know what types of homes we are talking about here. Any investor should respect the numbers Legacy ($LEGH) is generating – $169M LTM revenues up 31%, 24% EBITDA margins and pre-tax ROE of 26%. These…

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Money is a YETI 110 iced down with some silver bullets.

When a brand name is woven into popular country songs it’s definitely made a mark. YETI Holdings (NYSE: $YETI) will be coming public this week (prices Wednesday) and promises to be one of the next public niche consumer brands like Duluth Holdings ($DLTH) and Canada Goose ($GOOS). In short, we expect the IPO do well…

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The Eventbrite IPO

If you attend conferences, go to meetups or see local talent at smaller venues you have probably used Eventbrite (NYSE – $EB). Their IPO is scheduled for tonight (Wednesday) by Goldman, JPM, Allen and a few others. The proposed price range was just bumped up to $21 to $23/share. EB makes their money with ticket…

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