LCA: Waitr, A Special Delivery At A Discount To Peers – Dane Capital – In-Depth Analysis

Jacob Wolinsky

Published onNovember 9, 2018

Dane Capital's new idea Waitr, Dane sees 50%-100% upside to shares over the next 6-12 months.

Table of Contents

Q3 hedge fund letters, conference, scoops etc

Summary

Waitr is a rapidly growing online restaurant delivery platform in 11 Southeastern States, trading substantially below peers, despite its faster growth. We see 50-100% upside over the next 12-18
Waitr is going public through a merger with SPAC Landcadia Given the unconventional nature of SPACs, we believe many investors are unaware of this investment opportunity.
Online restaurant ordering is still in its early stages in the US. GrubHub trades at 10.4x/8.1x 2018/19 EV/revenue vs. Waitr 7.4x/3.9x 2018/19 EV/revenue, despite over 2x GrubHub's growth
We expect continued industry consolidation. Acquisitions should put a floor on Waitr’s shares and could help...

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Jacob Wolinsky

Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available. FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid

LCA: Waitr, A Special Delivery At A Discount To Peers – Dane Capital – In-Depth Analysis

Summary

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