I laughed. I feel the same way, although I did spend 2-3 hours doing DD the other night.
Here are a few things that I learned about WTRH by reading the Q3 earnings call transcript, and looking at some other sources:
1. They have been profitable for the last two quarters. Profitability is rare in the sector.
2. This sector will probably consolidate in order to get profitable because the customer acquisition costs are too high because of the competition.
3. The CEO is highly motivated to get this company bought. If it happens by December 2021, he gets a $5 mil bonus and can buy 9.9 mil stocks at a steep discount.
Here is one of his statements on the earnings call:
"Candidly, we're a perfect fit for any of them [DASH, UBER]. I also think as we continue to expand our integrated payment solution, the universe of companies that we would fit very nicely with expands ratably."
4. WTRH is trying to expand beyond delivery. It has developed an in-restaurant ordering system that minimizes contact between waiters and diners. They see this as a way to go national.
5. Thread favorite, Tilman Fertitta, is on the board.
6. After they turned profitable in Q2, a mergers & acquisition analyst said he thought in an acquisition their stock price should be bought out in the $9.5 - $10.5 range.
If you are interested, here is a link to the Q3 earnings call:
https://seekingalpha.com/article/43...d-on-q3-2020-results-earnings-call-transcript
This is my first stock buy, and my first post in the thread. I plan to be active here.
ARKG is the health sector which is booming right now with vaccine closer to reality. The best one ARKK hands down. The worst one is ARKF, although @Serious would get on me for stating that. I'd say before the recent ARKG rally, ARKW was the second best. Order goes like this:
so I just keep adding to it by the month between NIO PLTR and TSLA and one random play right now it's LCA and IDEX but I'm not expecting much from IDEX.
right now
