Grubhub could be a warning for potential Uber investors
This Stock Could Deliver a 56% Gain As Uber Highlights Its Business Model ...READ MORE
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This Stock Could Deliver a 56% Gain As Uber Highlights Its Business Model
Uber is preparing to complete its initial public offering (IPO) on the heels of the IPO from Lyft. Already, there are signs from the riding hailing services that the market for the stocks will not be as bullish as some investors hoped. This can be seen in the volatility of Lyft and the lower than expected potential valuation of Uber.
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There are other signs that the market for companies delivering on demand services might not be as bullish as hoped. There are some companies that are already publicly traded and are a possible bellwether for the ride hailing services, including Grubhub which competes directly with the UberEats division of the soon to be public company.
While fundamentals are not bullish for these companies based on Securities and Exchange Commission filings that show large losses, sentiment could push the stocks in defiance of the underlying fundamentals. So, as we explain in our latest article, it could be best to use strategies that limit risk.
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