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Thoughts on WTRH - Waitr

Posted on 10/21/19 at 11:13 am
Posted by Kreg Jennings
Parts Unknown
Member since Aug 2007
3288 posts
Posted on 10/21/19 at 11:13 am
Is at a 52 week low. Reason being, their CFO & two board members resigned. Was $10.95 / share on 1/1/2019. As high as $12.73 / share on 3/11/2019.

Went down to $3.76 / share on 8/7/2019 and $1.13 / share on 10/16/2019. Down to $0.60 / share last week after the news of the resignations broke. They release earnings in Mid November.

Time to get in and chance trying to catch it on the bounce and ride the wave up?

Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 10/21/19 at 11:24 am to



Are you high Kreg?
Posted by fjlee90
Baton Rouge
Member since Nov 2016
7832 posts
Posted on 10/21/19 at 12:12 pm to
Sinking ship. Not a fan.
Posted by lnomm34
Louisiana
Member since Oct 2009
12605 posts
Posted on 10/21/19 at 1:37 pm to
quote:

Waitr


Been blowing up my phone with notifications with promo codes and they recently dropped their delivery fees from $5 to $4.

Smells like desperation.
Posted by Tshiz
Idaho
Member since Jul 2013
7545 posts
Posted on 10/21/19 at 1:45 pm to
Hope the guy who started it got a fat check. This is toast
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1568 posts
Posted on 10/21/19 at 1:53 pm to
97% discount. You might be on to something.
Posted by bayoubullish
Lafayette, LA
Member since Nov 2018
24 posts
Posted on 10/21/19 at 1:58 pm to
Garbage stock, absolutely 0 moat. Anyone with any form of mobility can deliver. competition was creeping in on their territory, then they gave their marketshare a big FU with their new fee structure.
Posted by fatboydave
Fat boy land
Member since Aug 2004
17979 posts
Posted on 10/21/19 at 5:02 pm to
closer to 0$
Posted by Powerman
Member since Jan 2004
162201 posts
Posted on 10/21/19 at 8:08 pm to
quote:

Garbage stock, absolutely 0 moat. Anyone with any form of mobility can deliver.

There are at least 4 or 5 similar type services just where I live
Posted by Azazello
Member since Sep 2011
3182 posts
Posted on 10/21/19 at 10:41 pm to
Waitr is done.
Posted by CajunTiger92
Member since Dec 2007
2820 posts
Posted on 10/22/19 at 6:22 pm to
Run away....[insert Monty Python meme]
Posted by captainahab
Highway Trio8
Member since Dec 2014
1598 posts
Posted on 10/23/19 at 11:49 am to
How long does a stock like this sit below $1 before it gets delisted?
Posted by X82ndTiger
USA
Member since Sep 2004
2464 posts
Posted on 10/25/19 at 8:26 pm to
Any chance of Waitr being bought out by Uber Eats or GrubHub or someone else? Or just finished?
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