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Started By
Message
Waitr founder Chris Meaux Steps aside as CEO
Posted on 8/8/19 at 4:11 pm
Posted on 8/8/19 at 4:11 pm
1
Posted on 8/8/19 at 4:15 pm to JimJack
Dude got PAID
Posted on 8/9/19 at 9:31 am to Cosmo
quote:
Dude got PAID
Too bad and arse load of it was in stock.
From The Advocate...
quote:
Waitr stock hovered around $12 per share in November when it was first listed on the Nasdaq stock exchange. Waitr stock was trading at about $3 per share Thursday afternoon.
The Advocate
Posted on 8/9/19 at 10:05 am to captainahab
quote:
Waitr stock hovered around $12 per share in November when it was first listed on the Nasdaq stock exchange. Waitr stock was trading at about $3 per share Thursday afternoon.
Dang, I knew they were doing bad, but not THAT bad. Was there something in particular that happened around march/april that began the huge plummet? All I know recently is the proposed price changes that are giving them hell.
Posted on 8/9/19 at 10:14 am to Cosmo
quote:
Dude got PAID
Not very much in cash. It is currently trading at $1.50/share.
Posted on 8/9/19 at 10:36 am to thatoneguy
quote:
Was there something in particular that happened around march/april that began the huge plummet?
The smart guys on the Money Board know more than I do but as far as I know, they were never profitable. They purchased Bite Squad (a similar company to them based I think in Minnesota) several months ago. Their sales increases had a lot to do with that purchase but their sale/loss ratio is still similar.
Q2 2018 Sales were $16.2M
Q2 2018 Loss was $7.4M
Q2 2019 Sales were $51.3M
Q2 2019 Loss was $24.9M
Posted on 8/9/19 at 11:13 am to thatoneguy
In May/June they upped their fees to 15-25% per order and changed the terms of service so that restaurants can't raise Waitr prices above menu prices to make up for the increase. Which means a restaurant would have to raise their prices across the board or make little to no money on low profit margin items. So a lot of small individual restaurants and local restaurants are pulling out.
Posted on 8/9/19 at 11:17 am to captainahab
the stock is in free-fall
52-wk high was $15 in mid-november, trading today around $1.35.
52-wk high was $15 in mid-november, trading today around $1.35.
Posted on 8/9/19 at 1:50 pm to cgrand
Get em a body bag.
Posted on 8/9/19 at 2:03 pm to cgrand
quote:
the stock is in free-fall
52-wk high was $15 in mid-november, trading today around $1.35.
I love it. I bought back in a few weeks ago after selling at $13 something months ago. I originally bought back in at $5 but bought a lot more today to get an avg. of $2. I think Tilman will try to dump the company at some point but no way he sells for less than $6/share.
Posted on 8/9/19 at 2:26 pm to rowbear1922
quote:
I think Tilman will try to dump the company at some point but no way he sells for less than $6/share.
more likely he takes the company private.
hard to say what the buy-back price would be in that case
Posted on 8/9/19 at 2:36 pm to cgrand
Either way, I think I’ll do alright at $2/share avg.
Posted on 8/9/19 at 2:42 pm to rowbear1922
last sale was 100 @ $2 so you are back to even 
Posted on 8/9/19 at 3:20 pm to cgrand
quote:
last sale was 100 @ $2 so you are back to even
Ended the day @ $1.89. I think most all the bears got out now though. If it gets back to $5 before Christmas, I may be out again.
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