Joby Aviation: A Bet On Urban Air Mobility Adoption

Nov. 11, 2022 1:30 PM ETJoby Aviation, Inc. (JOBY)LYFT, UBER, TM, TOYOF29 Comments
Jay Capital profile picture
Jay Capital


  • It is increasingly likely that urban air mobility will become mainstream in the future.
  • Urban air mobility is a large potential market.
  • Joby Aviation's first-mover advantage could lead to strong network effects.

transportation drone flying above the city



I believe Joby Aviation, Inc. (NYSE:JOBY) is undervalued. JOBY is a company that is committed to looking for innovative ways to reduce the pressure on the transportation industry. They are investing in areas that will yield them more income


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Jay Capital profile picture
I take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to be drawn to companies with steady long-term growth, no cyclicality, and a robust balance sheet.Nevertheless, investing in successful company is risky because one may end up paying too much (this is where valuation matters). I firmly believe this, yet there are situations where the development runway is so vast that price matters much less in the immediate future.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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