Malcolm Berko addresses questions about stocks. Photo

Dear Mr. Berko: You certainly called Lyft correctly. Because it’s way down, is it a buy? Do you think Uber will profit by Lyft’s experience? If so, I might buy Uber to recover my losses on Lyft.

— N.C., Oklahoma City

Dear N.C.: As Mr. Gump said: “Stupid is as stupid does!”

LYFT came public at $72. And berserk mobs of screaming meatheads, meth-heads and dunderheads feverishly pushed LYFT to $88. Subsequently, LYFT imploded over 30 points. It’s still too high!

LYFT’s value isn’t supported by physical assets, revenue growth or earnings. It’s supported by bunkum, baloney and mentally handicapped investors. When LYFT’s 180-day lock-up period ends in October, enabling insiders to sell shares, the shorts will have a party. There’s nothing about LYFT that encourages me to recommend the stock.

Uber filed for an IPO shortly after Lyft, and will try to drive more cautiously. The filing will be similar to Lyft’s, yet won’t stop traffic or ring bells and will be priced about 25 percent lower than originally anticipated.

As I commented in a column weeks ago, there are three major reasons to own a stock: (1) improving revenues; (2) improving earnings; and (3) good or improving dividends. Uber has improving revenues, but that growth is being eroded by brutally competitive markets. Uber remains the ride-share leader in every country it operates in, but in the last year, its ride-share market position in nearly every market, especially in the U.S. and Canada, has been truncated. Unfortunately, few stupids consider that a negative.