In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Hard to say, but after this deal, Uber is behaving more and more like a hedge fund company or a venture capital firm. It uses its core transportation business to generate cash then reinvests that cash in other ventures.
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Other organizations that could benefit could be Netflix, Etsy (NASDAQ: ETSY), Sears (NYSE: SHLD), Staples (NASDAQ: SPLS), Best Buy (NYSE: BB) and Walmart (NYSE: WMT). All of these retailers could get access to the $404 billion Chinese market through alliances with Alibaba and stores on Tmall. Walmart, which already has a presence in China and a working relationship with Alibaba, could be in a great position here.
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Another possibility is that BOFI’s growth is not from stealing customers from brick and mortar banks as its cheerleaders claim but from swiping depositors from other online banks.
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Walmart is now one of the leaders in the world of ecommerce. Its cutting edge capabilities make it a company to watch.
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The whole telematics issue raises the interesting question of whether auto insurers are still a good investment. Value investors like Warren Buffett have long thought of auto insurers that way because of all the float their premiums generate, but is that still true in the face of all the competition in today’s insurance industry?
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When is a $59.1 million loss and a 4.3% percent decline in same-store sales good news for a retailer? When the company is Sears Canada (NASDAQ: SRSC), that’s when.
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To be fair, there are some signs Lending Club is starting to make money. According to its financials, Lending Club had $64.6 million in cash and short-term investments when it went public. Yet on March 31, 2015, Lending Club had $874.13 million in cash and short-term investments. That shows us that it is capable of generating a lot of cash in a very short period of time, but can it keep that up?
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One reason why Lending Club’s business is so good could be that large numbers of Americans simply lack the money or the good credit records necessary to borrow from traditional banks.
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If Walmart rolls out this subscription service in a smart way, it could position itself as the anti-Amazon.
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The difference is that this real estate boom is confined to specific parts of the country; it is not happening on Main Street, and the middle class is not participating.
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