JMP Securities' Lehmann on Lyft and Uber

The transcript discusses the future threats and competition in the ride-hailing industry, focusing on the potential partnerships between Lyft, Google, and Waymo. It highlights investor optimism despite stock pricing challenges and explores the strategic strengths of Lyft's regional focus. The discussion also covers Uber's market position and the impact of trade concerns, particularly with China. Overall, the transcript provides insights into the dynamics of the ride-hailing market and the strategic moves of key players like Lyft and Uber.

What is one reason investors are excited about the potential partnership between Lyft and Google-Waymo?

• It guarantees a higher stock price than the IPO.

• It will eliminate the need for further investments.

• It promises a significant increase in contribution margin.

• It will reduce Lyft's operational costs immediately.

Why might some investors be concerned about Lyft's performance in the public market?

• The stock price has been consistently rising.

• The company has not focused on the U.S. market.

• The stock price has hovered in the high 50s range.

• The company has diversified too quickly.

What strategic focus is considered a strength for Lyft according to the transcript?

• Partnering with multiple tech companies.

• Expanding into international markets.

• Focusing on ride-hailing in the U.S.

• Investing heavily in new technologies.

What external factor is mentioned as a potential challenge for Uber's stock pricing?

• The decline in ride-hailing demand.

• The European market regulations.

• The China trade story.

• The rise of new competitors.

How is Uber's management team perceived in terms of their roadshow performance?

• They did a poor job.

• They received mixed reviews.

• They did an excellent job.

• They were criticized by investors.