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rowbear1922
LSU Fan
Baton Rouge
Member since Oct 2008
12589 posts

re: Let’s discuss WTRH in this thread
I’m not saying Uber eats doesn’t. I’m sure they have someone with a lot of restaurant knowledge too helping them but with Tilman’s many successful business ventures in the restaurant and entertainment industry brings value to Waitr. He also isn’t going to spend $650M to lose money.


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Statestreet
LSU Fan
Gueydan
Member since Sep 2008
10300 posts

re: Let’s discuss WTRH in this thread
GrubHub stealing copyrighted material from Waitr?

Comparing the two apps the other day and rolled across some of these striking similarities. Waitr was in this restaurants area way before Grubhub and Waitr also has their own photographers to take excellent menu photos of the entire menu.

It appears that the GrubHub app is using some (or all) of the Waitr photos in this restaurant's menu. Seems like there would be some copyright infringement? Below is an example...same wings, same chicken burger. I'm sure it's just a misunderstanding, but it does make entering the Waitr markets easier for Grubhub when they use their material.

This post was edited on 2/28 at 6:08 pm


TDFreak
Florida Fan
Baton Rouge
Member since Dec 2009
3474 posts
 Online 

re: Let’s discuss WTRH in this thread
Earnings call at close tomorrow?


Statestreet
LSU Fan
Gueydan
Member since Sep 2008
10300 posts

re: Let’s discuss WTRH in this thread
quote:

Earnings call at close tomorrow?


yes 4pm today

WTRH Webcast call



TDFreak
Florida Fan
Baton Rouge
Member since Dec 2009
3474 posts
 Online 

re: Let’s discuss WTRH in this thread
Is this right? Earnings estimate was -0.08 and their actual was -0.52????


Hole-E-crap! This stock will tank tomorrow!


Statestreet
LSU Fan
Gueydan
Member since Sep 2008
10300 posts

re: Let’s discuss WTRH in this thread
scratch that..I think you may be correct.
This post was edited on 3/7 at 5:58 pm


Pendulum
New Orleans Pelicans Fan
Member since Jan 2009
4199 posts

re: Let’s discuss WTRH in this thread
quote:

4:14 PM ET 3/7/19 | Briefing.com

Reports Q4 (Dec) GAAP loss of $0.52 per share, may not be comparable to the S&P Capital IQ Consensus of ($0.09); revenues rose 147.7% year/year to $21.3 mln vs the $19.44 mln S&P Capital IQ Consensus. Gross Food Sales for the fourth quarter of 2018 increased 113% to $83.4 million compared to $39.2 million in the fourth quarter of 2017. On January 17, 2019, the Company completed the acquisition of Bite Squad, an online restaurant food delivery service, which operates a three-sided marketplace consistent with Waitr's business model. This acquisition expanded Waitr's scale and footprint across the United States to more than 600 cities. The aggregate consideration for the Bite Squad Merger consisted of $192.9 million payable in cash (subject to adjustments) and 10,591,968 shares of the Company's common stock. Fourth quarter and full year 2018 financial highlights for Bite Squad are as follows: Revenue for the three months and year ended December 31, 2018 totaled $24.8 million and $83.4 million, respectively. Gross Food Sales1 for the three months and year ended December 31, 2018 totaled $74.1 million and $255.0 million, respectively.Co issues guidance for FY19 including Bit Squad acquisition, sees FY19 revs of $250 mln, not comparable to $127.06 mln single analyst estimate.


TDFreak
Florida Fan
Baton Rouge
Member since Dec 2009
3474 posts
 Online 

re: Let’s discuss WTRH in this thread
So, WTRH was down over 7.5% from this week’s high at the open this morning.

But it’s actually gone up nicely today.

Immune to bad news?


Pendulum
New Orleans Pelicans Fan
Member since Jan 2009
4199 posts

re: Let’s discuss WTRH in this thread
quote:

Immune to bad news?


Their earnings report blew the forward guidance for revenue out of the water; more than double. I don't think people care about those losses when they made a major acquisition.

So I'm not sure the earnings report was bad news at all.


Statestreet
LSU Fan
Gueydan
Member since Sep 2008
10300 posts

re: Let’s discuss WTRH in this thread
I guess they like the news as the stock hit $12.30 (>8%) this AM
This post was edited on 3/11 at 8:55 am


GalvoAg
Texas A&M Fan
Galveston TX
Member since Apr 2012
9834 posts

re: Let’s discuss WTRH in this thread
Still rising


bleger
LSU Fan
Arnaudville, LA
Member since Feb 2017
187 posts
 Online 

re: Let’s discuss WTRH in this thread
Bought in a few weeks ago and just cashed out at 12.95 with a 10% profit. Gonna keep watching see what it does.
This post was edited on 3/11 at 11:24 am


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castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
64570 posts
 Online 

re: Let’s discuss WTRH in this thread
quote:

I'm in at 10.90
out at 12.5


TDFreak
Florida Fan
Baton Rouge
Member since Dec 2009
3474 posts
 Online 

re: Let’s discuss WTRH in this thread
Whoever suggested that bull call spread had it right. I was definitely turning bearish right before earnings and thought puts was the way to go.

But now it’s flirting with its 52-wk high...and not because of good earnings, just forward-looking growth. Seems curious.

Is this a triple witching short squeeze? Or is it about to get bought out by GrubHub?


GalvoAg
Texas A&M Fan
Galveston TX
Member since Apr 2012
9834 posts

re: Let’s discuss WTRH in this thread
Yeah wasn't expecting this for sure but I might cash out today. The GrubHub angle is interesting.


rowbear1922
LSU Fan
Baton Rouge
Member since Oct 2008
12589 posts

re: Let’s discuss WTRH in this thread
I just sold at 13.25, bought in around 10.90 as well. I’ll jump back in if it drops to the low $11s again

ETA: I just looked at when I bought in, I bought at 10.24. Yea I did well on this one
This post was edited on 3/11 at 1:06 pm


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10
Statestreet
LSU Fan
Gueydan
Member since Sep 2008
10300 posts

re: Let’s discuss WTRH in this thread
quote:

Or is it about to get bought out by GrubHub?


The earnings call was all about Acquiring, not about being acquired.


HermanBoone
LSU Fan
The Chuck
Member since Aug 2013
594 posts

re: Let’s discuss WTRH in this thread
Bump. Just south of $15 this morning. Hopefully everyone got back in or held. Nice week.


Mac
USA Fan
Green Dot City, USA
Member since Nov 2007
14192 posts

re: Let’s discuss WTRH in this thread
Down 10% today...


rowbear1922
LSU Fan
Baton Rouge
Member since Oct 2008
12589 posts

re: Let’s discuss WTRH in this thread
quote:

Down 10% today...


Keep on coming down...I want back in around $10.75-$11


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