After Q3 $GRUB forecast Q4 rev of $315-325M vs consensus est of $387M. AdjEBITDA of 15-25 vs $54M from Q3. HALF as profitable.— Oh Come On! (@BluthCapital) February 6, 2020
Stock sold off over 40%. This growth company had a fight ahead.
By the time the next Q rolled around, the entire share price loss was recovered. pic.twitter.com/icmTybvECw
Its future prospects haven't changed. Competition hasn't decreased. Investors were literally paying the same price, just 90 days later, for a company w 16% less rev & 50% less AdjEBITDA that willingly (& honestly!) tells them the competition is eviscerating profits.$GRUB— Oh Come On! (@BluthCapital) February 6, 2020
Do you think consumers are going to swallow higher prices later on with no loss of volume? Plus rumor is GRUBs M&A feelers went nowhere.— Oh Come On! (@BluthCapital) February 6, 2020
This should be a busted thesis.
I'll @NonGaap here bc he's the Wise Leader in this space. pic.twitter.com/rz55YQBg02