Each December, we unveil our annual Forgotten Forty Report—a unique compilation featuring 40 one-page snapshot reports on companies extensively researched in prior issues from Boyar Research. Its aim: To spotlight undervalued gems, revealing opportunities the market might be overlooking. These carefully curated stocks represent our top catalyst-driven ideas for the upcoming year. One of the companies featured in last year’s report was Uber.
While not a traditional “value” stock, it boasted attractive attributes (such as a dominant market share in mobility as well as a vast global reach) that we thought were not being properly valued in the stock market.
Forgotten Forty 2023: Uber
Below are our updated thoughts on Uber, which we still find to be quite attractive at current levels (although it does not have the same margin of safety as it did last year).