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Message
re: Let’s discuss WTRH in this thread
Posted on 11/11/19 at 6:53 am to baldona
Posted on 11/11/19 at 6:53 am to baldona
quote:
Eta: are there any expectations of what’s going to happen with the stock this low? Surprised buy outs aren’t being discussed from someone like Uber Eats with stock options. Uber has to have that kind of money available.
Why would anyone buy Waitr? Food delivery is going nowhere. There is no barrier to entry and zero changing costs. I live in Chicago and can get my food delivered by 10+ different companies - there are zero switching costs.
1
Posted on 11/11/19 at 7:01 am to Azazello
quote:
Why would anyone buy Waitr? Food delivery is going nowhere. There is no barrier to entry and zero changing costs. I live in Chicago and can get my food delivered by 10+ different companies - there are zero switching costs.
I don’t disagree at all. I honestly think the main future is with the restaurants offering delivery themselves for $5 or whatever going back to the old pizza delivery format. That’s the most profitable way.
But what’s the other option here? Bankruptcy? Taking the company private? I don’t see it lasting in the current state.
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