An Uber flying car is getting closer to reality, but we have a better way to invest in "flying taxis," and you don't have to wait for the 2019 Uber IPO…
"One company I've followed closely for decades just bought a startup focused on autonomous air taxis," Money Morning Director of Technology & Venture Capital Michael A. Robinson said on Oct. 18.
"And I believe that company is the single best way to play this emerging tech trend," said Robinson.
Yes, flying cars seem like just a fantasy right now, but that isn't stopping companies from trying to develop them.
Uber hopes to have its own aerial taxis in Los Angeles, Dallas-Fort Worth, and Dubai by 2020.
In the promotional video below, you can see how it will work.
Uber Elevate
But while Uber's goals are at least three years away, Robinson has a way to make a profit right now from flying vehicles. A 100-year-old company just bought a startup in October that has already tested flights and that could make flying taxis a reality.
One brokerage firm projects the stock price for this company will climb 24% in the next 12 months, according to FactSet. That estimate could be conservative now that this company is set to beat Uber into the flying car industry…
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That isn't even counting the $1.42 dividend it pays, which is a yield of 2.18%.
Here's exactly how to profit…
K this article out Kracky!!