Lyft Isn't Going Away Anytime Soon

|
About: Lyft, Inc. (LYFT)
by: WY Capital
This article is exclusive for subscribers.
WY Capital
Long/short equity, special situations, contrarian, Growth
Summary

The negativity surrounding ridesharing is overblown.

Ridesharing is somewhat better than legacy transportation systems.

Lyft reported a great Q2 and reported that industry dynamics are improving.

While we're no fans of Lyft (LYFT), the negativity surrounding the stock seems pretty ridiculous currently. While we do believe that Lyft is overvalued, we think ridesharing is more sustainable than most people