Waitr Holdings is Insanely Undervalued
Disclaimer: This post does not constitute financial advice. Author has a long position in WTRH. Do your own due diligence before making an investment.
Looking to invest in the food delivery business? Check out Waitr (WTRH).
Here are 10 quick facts about the company.
1. They’re expanding into the weed delivery business.
2. City and restaurant exposure is growing.
3. Lawsuit with Waiter.com has been settled.
4. They’re in in the midst of a corporate rebranding.
5. They are one of the only profitable food delivery companies on the planet.
6. They recently extended their partnership with NFL legend Drew Brees.
7. When Waitr acquired Delivery Dudes, the deal included shares priced around $3.
8. Their market cap (169M) is less than their revenue (205M).
9. Currently trading near a 52-week-low of $1.45.
10. 52-week-high is $5.85.
11. Waitr social media manager has warned short sellers that “We are to bears as Anakin Skywalker is to children.”
Seems to reference an imminent slaughter. Another Twitter user made fun of the stock price, and the social media manager posted a GIF of Anakin about to kill the Younglings.
To top it off: The Waitr message boards are currently being spammed by bearish accounts that are likely bots or paid bashers. (Learn how to spot them.)
I believe this company is insanely undervalued. Anywhere under $2 is a fantastic entry price.
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