The (Un)Silent Generation
A member of the Silent Generation comes clean on “getting your hands dirty”:
“Several years ago before I ‘retired’ and sold my small manufacturing business, I offered to teach machine shop and CAD/CAM in the local junior college with a view towards finding a few students that were interested and had capabilities so that I could hire them (enlightened
“I was turned down cold by the administration who had a pretty complete manufacturing facility sitting idle.
“Now it’s a different story; they can’t even find someone with the skills to teach classes and businesses are crying to hire young people with those skills.
“Too many people with ‘soft’ educational backgrounds are running the schools. They think that if a class requires anything more than a blackboard and a box of chalk it costs too much to run.
“That’s probably why we have so many college graduates working at low-wage jobs.
“I’m not a millenial, not even a baby boomer (born in 1940). The baby boomers raised their kids to feel that getting your hands dirty in a trade was somehow lower-class.
“Too late for regrets now.”
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Your Rundown for Tuesday, November 20, 2018
Lyft Takes A Hike
There’s a lot of attention on Uber and Lyft these days. Will they or won’t they? In 2019. Go public, that is.
These two taxi alternatives have been competing for about a decade now. And Uber’s been elbowing out the competition. But Lyft’s holding its own…
The second place ride-sharing service is getting a bigger piece of the pie in 2018.
Question is: if Uber and Lyft go public in 2019, how do they stack up?
Uber’s expected to be valued at $120 billion when it goes public; Lyft, that only operates in the U.S. and Canada, will probably be valued at a little over $15 billion.
And Lyft made just over $1 billion in total revenue last year compared to Uber at $7.4 billion.
But that’s not the whole story.
From 2014 – 2017, Lyft’s revenue growth has outstripped Uber’s. “Lyft has seen a compounded annual growth rate of an astounding 223% compared to Uber’s 146% clip over the same time period,” says an article at Yahoo Finance.
“Lyft is also charging towards profitability at a faster pace than its rival…By the first half of 2018, however, Lyft has shrunk its losses as a percentage of revenue to just 41% compared to Uber’s -28%.”
“In the long run, Uber might take the lion’s share of capital in the category,” says Duncan Davidson of venture firm Bullpen Capital. “But if I was a normal investor I’d go into Lyft…there’s more upside being smaller.”
We’re always pulling for the underdog.
How about you? Let us know what you think of the two ride-sharing companies.
Market Rundown for Tues. November 20, 2018
S&P 500 futures are down 30 points to 2,662.60.
Oil’s price is down $2.79 to $54.41 for a barrel of West Texas crude.
Gold, too, is down by $1.40 to $1,223.90.
Bitcoin continues to slide; it’s down $152.48 to $4,641.98.
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