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Waitr Going Public date set
Posted on 11/2/18 at 11:12 am
Posted on 11/2/18 at 11:12 am
Waitr to go public (Nasdaq WTRH, currently LCA) on November 16, 2018.
Business Report
Seeking Alpha - grub hub vs Waitr
quote:
Waitr CEO Chris Meaux says the company will go public on the NASDAQ stock exchange under the ticker WTRH on Nov. 16 if shareholders approve Landcadia Holdings Inc.’s $308 million acquisition of the company the day previous.
quote:
“We went from being a small startup in Lake Charles, Louisiana, to winning Pitch BR in 2016 to being a public company traded on the NASDAQ stock market, and we did it by raising money mostly from Louisiana investors,” Meaux says.
Business Report
quote:
We expect LCA's next catalyst to be in the next week or so, when they announce an official vote date for the closing of the Waitr transaction, followed by 3Q earnings (expect raised guidance) and transaction close (the latter two could be in either order or concurrent), and then a warrant (LCAHW) tender and/or exchange for stock. We continue to believe LCA offers 50-100% upside over the next 6-12 months, with the potential for a sharp move higher far sooner, assuming a stable broader stock market.
Seeking Alpha - grub hub vs Waitr
This post was edited on 11/7/18 at 1:38 pm
9
Posted on 11/2/18 at 12:02 pm to Statestreet
That’s my birthday.
Posted on 11/2/18 at 12:14 pm to Statestreet
I use Waitr all the time and had no idea they were out of Lake Chuck. Great for them. I’ll have to watch their IPO.
Thanks for the info.
Thanks for the info.
Posted on 11/2/18 at 12:38 pm to Statestreet
I know one of the first investors in Waitr. Dude was already rich as hell and made a killing with it.
I will definitely grab ~100 shares just to see where it goes on the IPO.
I will definitely grab ~100 shares just to see where it goes on the IPO.
Posted on 11/2/18 at 1:37 pm to rowbear1922
i know a few attorneys who invested and i'm sure they're about to seriously bank
i'll save my bragging about Lake Charles for another day
i'll save my bragging about Lake Charles for another day
Posted on 11/2/18 at 5:36 pm to SlowFlowPro
Yeah- this was a lottery win for some local folks. Such a crazy lucky startup story that took a lot of hard work by lots of people from south LA.
Posted on 11/2/18 at 6:01 pm to rowbear1922
quote:
I will definitely grab ~100 shares just to see where it goes on the IPO.
I think its still a good deal at its current price. They have a better product with better customer retention when compared to Grub Hub
Posted on 11/2/18 at 8:27 pm to Statestreet
I wonder what their market share is compared to Uber Eats. Uber Eats is quite a bit cheaper and in Houston is seems like there are more restaurant choices.
Posted on 11/2/18 at 9:25 pm to nugget
I think waitr focuses on the smaller (but big enough) markets. Their niche is Beaumont, TX sized cities, not Houston.
Posted on 11/2/18 at 9:54 pm to nugget
On the business side waitr is a better deal. Waitr takes 15% of the order while uber eats offered us a "corporate rate" at 28%
Posted on 11/3/18 at 5:49 am to Statestreet
Interested in this!
Posted on 11/3/18 at 6:22 am to SlowFlowPro
quote:
i know a few attorneys who invested and i'm sure they're about to seriously bank
I thought Tilman fertitta already bought out the original investors months ago.
Posted on 11/3/18 at 1:48 pm to Ric Flair
i thought they purchase was largely a stock exchange
Posted on 11/3/18 at 3:05 pm to SlowFlowPro
I assumed he bought the whole company. I think he paid 300 million.
Posted on 11/3/18 at 4:22 pm to Statestreet
I know nothing about this company but they have done really well. Good for them. My question is, how in the hell can enough people afford food delivery services to make this company so profitable? Just dining in has gotten pricey and I can’t imagine a delivery charge on top of that.
Posted on 11/3/18 at 5:05 pm to hottub
For waitr, sounds like a flat $5 fee for delivery. So four plant operators in Lake Charles want good food for lunch, just an extra $1.25 per person plus tip. Restaurant pays a percentage to waitr as well.
Posted on 11/4/18 at 7:41 am to Ric Flair
quote:Waitr charges the restaurant 14% and will not let the restaurant adjust their prices to make up for the loss.
Restaurant pays a percentage to waitr as well.
Posted on 11/4/18 at 8:50 am to hottub
quote:
My question is, how in the hell can enough people afford food delivery services to make this company so profitable?
Shitty chain restaurants are wall to wall with people who will, presumably, be tipping on top of their bill. I fail to see the difference.
Posted on 11/4/18 at 9:18 am to hottub
quote:
. My question is, how in the hell can enough people afford food delivery services to make this company so profitable?
I've only used it when traveling or on vacation. Its still a hell of a lot cheaper to do delivery then eat in a restaurant. Your cost of delivery is still less than just the cost of a waiter tip. PLUS, if you are drinking then its way cheaper as beer and wine from the store is considerably cheaper than in a restaurant.
Posted on 11/4/18 at 1:26 pm to Ric Flair
quote:
I thought Tilman fertitta already bought out the original investors months ago.
Terms were agreed upon the while back, but it’s official once the shareholders approve and it goes public.
The investors get mostly stock in the new company WTRH.
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