The following are notes from Larry Robbins's best investment idea at the 11th annual J.P. Morgan / Robin Hood Invrestors Conference took place on October 24 and 25, 2023.
Best Idea: Larry Robbins (Glenview Capital)
A summary of the best investment ideas presented by Larry Robbins of Glenview Capital:
- Uber (NYSE:UBER):
- Glenview Capital recommends Uber
- Uber reached EBITDA profitability in the third quarter of 2021 and GAAP Net Income profitability in the second quarter of 2023.
- The company has consistently beaten EBITDA consensus estimates every quarter since the fourth quarter of 2021.
- The stock is highly correlated with GS non-profitable tech basket through July 2022 and experienced a 53% decline.
- Larry Robbins suggests that current holders should consider buying more, and he anticipates Uber joining the...
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