IPO and L/S equity, 2015 Starmine top stock picker, Global Equity Research Ltd

Rickin Thakrar

14 years of experience in global investment research and trading. In relation to research, we focus on IPO, Event-driven and large-cap non-consensual ideas. In relation to trading, we focus on generating positive index-adjusted returns and have had several top-decile or top-quartile performances over the past three years. In terms of background, I have worked at several sell-side firms (JP, Redburn, Haitong, Mainfirst), won Starmine as top stock picker in European Food Retail in 2015 and have been voted top one to top-five by institutions and hedge funds.

IPO and L/S equity, 2015 Starmine top stock picker

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Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/lyft-inc" target="_blank" data-smartkarma-citation="entities:24423:1" rel="noopener">Lyft Inc (LYFT US)</a> shares are now trading around pre-pandemic levels despite a significant contraction in revenue YTD as well as a weaker balance sheet. The market anticipates a strong bounce back in sales growth as well as a significant improvement in margins into 2021. This is despite a higher risk-free rate, a weaker balance sheet and continued cash burn. On top of this, we believe there are some operational concerns while <a href="https://www.theverge.com/2020/12/14/22173971/zoox-amazon-robotaxi-self-driving-autonomous-vehicle-ride-hailing" target="_blank" rel="noopener">Amazon’s robotaxis may </a>upend the industry medium-term. More details below</p>

Lyft Inc (LYFT US) shares are now trading around pre-pandemic levels despite a significant contraction in revenue YTD as well as a weaker balance sheet. The market anticipates a strong bounce back in sales growth as well as a significant improvement in margins into 2021. This is despite a higher risk-free rate, a weaker balance sheet and continued cash burn. On top of this, we believe there are some operational concerns while Amazon’s robotaxis may upend the industry medium-term. More details below

2021 High Conviction: Lyft - Struggling Towards a Sound Business Model While Robo-Taxis Loom