Is Uber Stock A Real Bargain?

Uber (UBER) stock trades at 14.9 times earnings, trailing the 22.2 multiple of the median S&P 500 company. The shares have lost 28% over the past twelve months while the broader index returned 17.0%. A discount this deep indicates investors either see an underlying problem or have marked down a healthy business too far. So what does a buyer of Uber stock get at this price.