Uber Makes a Profit

Aug 1, 2023

Guest

Robert Brokamp

Guest

Bill Mann

Bill Mann, an investment analyst with insights on market trends, and Robert Brokamp, a financial planning expert, dive deep into Uber's groundbreaking first-ever operating profit of $400 million. They discuss whether this victory is sustainable and the challenges ahead for the company. The conversation also touches on a mortgage REIT boasting a 14% dividend and Overstock's clever rebranding as Bed Bath & Beyond. Finally, they tackle common tax myths for digital nomads, offering guidance to navigate financial complexities while living on the go.

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INSIGHT

Uber's Profitability Milestone

Uber achieved its first operating profit, exceeding expectations and signaling potential sustainability.
Doubts about Uber's profitability have been addressed, though the victory might be premature.

ADVICE

Mortgage REIT Investment Considerations

Carefully consider mortgage REITs like Apollo Commercial Real Estate before investing due to their leverage and interest rate sensitivity.
Focus on distributable earnings and understand the potential impact of variances.

ANECDOTE

Apollo's Credit Loss

Apollo Commercial Real Estate took a significant credit loss allowance against a luxury residential property in Manhattan.
This reveals potential risks in their portfolio.

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For the first time ever, Uber reported an operating profit. Staying in the green is a different story.

(00:21) Ricky Mulvey and Bill Mann discuss: - Uber’s long-term vision. - If the ride hailing app deserves a victory lap. - A mortgage REIT paying investors a 14% dividend. - Overstock’s “brilliant” rebrand to Bed, Bath, and Beyond.

Plus, (15:15) Robert Brokamp and Megan Brinsfield discuss common tax myths for digital nomads.

Stocks discussed: UBER, LYFT, ARI, OSTK

Click here for the latest Stock Advisor Roundtable episode!

Host: Ricky Mulvey Guests: Bill Mann, Robert Brokamp, Megan Brinsfield Engineers: Dan Boyd, Rick Engdahl, Tim Sparks

Disclosure: Motley Fool Wealth Management (“MFWM”) is an SEC registered investment adviser. MFWM, an affiliate of The Motley Fool LLC (“TMF”) is a separate legal entity, and all financial planning and discretionary asset management services for our clients are made independently by the financial planners and asset managers at MFWM. No TMF analysts are involved in the investment decision making or daily operations of MFWM. MFWM does not attempt to track any TMF services. Megan Brinsfield is the Director of Financial Planning at MFWM. The comments and ideas presented by the speaker in this podcast are solely those of the speaker and do not necessarily represent those of MFWM or any of its affiliates. This discussion is for informational purposes only and should not be construed as investment or financial planning advice or recommendations. Certain statements may be deemed forward-looking, however there is not guarantee of any outcome. Past performance does not guarantee future results. MFWM encourages you to seek personalized advice from qualified professionals, including (without limitation) tax professionals, regarding all personal finance issues. While we can counsel on tax efficiency and general tax considerations, MFWM does not (and is not permitted to) provide tax or legal advice. This discussion should not be relied upon as personalized financial planning or tax advice.

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