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RE: Landcadia Holdings A Good Stock to Invest In

in #business5 years ago

Wow man I was wrong about this company. The stock Waitr has been a disaster and after going public at $11 it has fallen to $1.31. The company wasn't able to operate profitably or communicate a plan that would lead to profitability. As such and along with similar companies with weak business plans ie Uber and Lyft, Waitr has fallen significantly after going public. I would avoid purchasing shares in this company until they demonstrate sustainable profitability which doesn't appear likely in time before it burns through it's remaining cash. I came to this conclusion around $11 and I was able to sell before the crash. What a spectacular crash for such a young company.