Yahoo Finance IPO Edge Editor Jannarone: SmileDirectClub Powers Through Unfair Attacks – TD Ameritrade TV
SmileDirectClub, Inc. has been subject to unfair attacks from the powerful American Dental Association, short sellers, and even unscrupulous journalists, but the strong underlying business has attracted investors who see through the confusion. That’s according to IPO Edge Editor-in-Chief John Jannarone, who spoke to TD Ameritrade Tuesday. Jannarone, who recently published a detailed article on the company, explained that the American Dental Association has repeatedly attempted to mislead the public by stating that SmileDirectClub is under review by the Federal Trade Commission and Food and Drug Administration. In reality, the FTC has gone out of its way to stand up from SmileDirectClub, filing amicus curiae briefs on the company’s behalf multiple times.
Jannarone also explained that Uber Technologies, Inc. and Lyft, Inc. may finally deserve another look from investors, having performed very poorly since their 2019 IPOs. He explained that consolidation and a more rational pricing environment will help both companies achieve their targets of positive Ebitda in 2020 or 2021. Jannarone also weighed in on Peloton Interactive, Inc., which recently raised its Ebitda target to near breakeven for the June fiscal year.
The full interview can be viewed here.
IPO Edge Contact:
John Jannarone, Editor-in-Chief
Twitter: @IPOEdge
Instagram: @IPOEdge
