DoorDash Stock: Nothing To See Here, Strong Sell (NYSE:DASH)

Food delivery, business and people concept

Ivanko_Brnjakovic/iStock via Getty Images

Bear thesis

When I see DoorDash (NYSE:DASH) and its history as a public company, it serves as a big reminder on why buying into IPOs could be a terrible idea. Valuation made very little sense, but the story

Chart
Data by YCharts

Chart
Data by YCharts
Chart
Data by YCharts

Stock based compensation and operational cash flow

SBC V OCF (Seeking Alpha Webpage)

Financial metrics on a per share basis

Financial metrics on a per share basis (Financial Modelling Prep computed from company data)

Food Delivery Apps Spending for different apps

Food Delivery Apps Spending (Restaurant Business Online)

Insider transactions of DoorDash

Insider Transactions (Open Insider)

Valuation of companies in the gig economy space

Collected from Seeking Alpha

Valuation of DoorDash against other internet and retail stocks

Valuation Grade (Seeking Alpha)

Be the first to comment

Leave a Reply

Your email address will not be published.


*