No. of Recommendations: 8
Hi Andy,

Grub appears to be down close to 50% from its high of around $150 to $76.

I do not own GRUB, but they sure are growing like wildfire, and accelerating growth despite Q3 being a seasonally slower quarter.

Seems like the stock has been clobbered due to:

1) Company announcing they will continue to spend money in order to grow, and thus lowered EBITDA forecasts. (seems prudent to me, but what do I know?)

2) Worries over competition from Uber Eats, Doordash, and even Square's Caviar. Grub still has the leading market share of 34.4%, Uber Eats 28%, Doordash 18%, Postmates 12% and Caviar 3.5%.

3) Lots of high flyers have been trashed since October, like Square and many others despite posting fantastic results.

Although I do not believe GRUB is a recommendation in any Fool service (correct me if I am wrong), I did find lots of Fool.com articles if you bring up the GRUB page, and scroll down a bit. I found them helpful to at least learn about what has been happening recently.

https://www.fool.com/premium/stock-advisor/company/NYSE/GRUB...

Seems to me it would be a time to add or start a small position rather than selling. Lots of competition here, but I see no reason why there would/could not be multiple winners in this arena.

Best,
Matt
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.