“I have no idea why anyone wants to own this company.”
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 11 November 2020
⏱️ 23 minutes
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Summary
Lyft shares rise on higher 3rd-quarter revenue and the promise of food delivery. Aurora Cannabis falls 20% on plans for a secondary offering. Jim Gillies analyzes those stories and shares why Nelnet is his favorite Nebraska company not named Berkshire-Hathaway. Plus, we discuss Veterans Day in the U.S., Remembrance Day in Canada, and Jim’s local connection to the poem “In Flanders Fields”.
Transcript
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| 0:00.0 | It's Wednesday, November 11th. |
| 0:04.0 | Welcome to Market Foolery. I'm Chris Hill. |
| 0:06.0 | Joining me today from up north, it's Mr. Jim Gillies. |
| 0:10.0 | Good to see you. |
| 0:11.0 | Good to be seeing, Chris. |
| 0:12.0 | We got some news items to get to and we're going to talk of |
| 0:18.6 | course about Veterans Day but let's start with lift because shares of lift are up more than 5% this morning. |
| 0:28.0 | Not because lift was profitable in the third quarter. |
| 0:31.0 | It was decidedly not profitable, lifts revenue was higher than expected and |
| 0:37.2 | Jim they say they're working on a food delivery service which seems like something that they probably should have been working on a while ago. |
| 0:47.0 | I feel that today, I'm going to apologize in advance at least on the business things because I'm going to or at least on the stock specific stocks we're going to discuss |
| 0:56.7 | because I'm going to come off as rather negative I think it's warranted but I'm going to come off as rather negative. |
| 1:03.4 | You said lift is not profitable yet. |
| 1:06.6 | My internal monologue says, and never will be. |
| 1:10.7 | They're working on a food delivery solution. Great. No competition there. No one else is doing it. |
| 1:20.4 | And look in a in a post-pandemic world, which I have to hope we're going to get to at some point. |
| 1:26.0 | We've just done we've just listened to about half an hour on on the vaccine, a coronavirus. |
| 1:31.0 | I mean, we are hopefully in the beginning of coronavirus I mean we are hopefully in the the beginning of the |
| 1:34.8 | end of the of the lockdown and what have you are we still going to be ordering as |
| 1:40.4 | much food and having it delivered I'm not a fan of food delivery anyway. |
| 1:43.4 | It's more expensive for, you know, less tasty food. But I think we'll be going out a little bit more. |
| 1:49.2 | And so at some point, LIFT and their cousin Uber are going to be valued as regular businesses again, |
... |
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