Extremely Oversold Buy short term grubhub

2019년 10월 29일

I dont know why sometimes markets overreact this way.

If you look at grubhub earnings , yes it was bad , but not so bad that you wipe out half its marketcap.

EPS was in line

The orders have dropped though by 15% which for me is a bad sign.

And the orders and revenues might continue to drop considering their estimate for next quarters being 315-335 million against the expectations of 388 million.

but even then I still believe the company can bounce back and this huge drop might compensate a little bit at the end.

I dont think its worth 50-60 usd though. With competition from Ubereats, doordash and postmates rising, i think grubhub right now should be around 35-40 usd

Good news though is they will add non partner restaurants in the future, and are expanding heavily in order to retain their customers. If they manage it then their valuation might rise more.

Short term trade 1 days to few weeks

Buy Grubhub - 34

Tp 1 - 36 (short term trade for a day or two)

Tp 2 -38 (this might take a while)

2019년 10월 30일

액티브 트레이드

Tp1 already hit around 36. Need to wait a bit longer for Tp2 which is around 38

2019년 11월 15일

매매 수동청산

Closed the trade at 37.7 manually. I had another idea for trade and needed the good profits from this trade. overall trade profit around 12%

2020년 1월 16일

거래청산: 타겟 닿음

Closed the second take profit around 40