"For those reading this in bed next to a sleeping partner"; so accurate one wonders if the Squirrel is not blind afterall and hacked into my phone's camera....
Looking at the holder list I don't see much need of people having to sell down their DASH allocation to make room for some tasty CART. But with the stock up 100% in 12 months, there will be some of those flows I imagine.
I think the only way the PE guys get out is by being diluted down to nothing via Stock Based Comp!! Capital owning so much is a complete head scratcher for me!!
Enjoy the write-up as usual. Doordash just launched locally. Restaurants definitely mark up the price to account for commission (probably similar to Uber Eats). I have never use these apps personally. Since everyone is feeling the pitch these days, they seem a bit underwhelming TBH!
Good stuff. The shot at CART and DASH reminds me of Petition's work on cash-incinerating e-grocers.
https://petition.substack.com/p/egrocery
Eventually all will end up in the same place.
Thanks Philip! Will take a look at that piece. How will it impact my biases?! 😂
It’s behind their paywall but the first paragraph reads like a super-villain origin story for this crazy sector!!
https://substack.com/@blindsquirrelmacro/note/c-42031558?utm_source=notes-share-action&r=9ef2u
"For those reading this in bed next to a sleeping partner"; so accurate one wonders if the Squirrel is not blind afterall and hacked into my phone's camera....
It's where I do so much of my reading, Ernesto!
Looking at the holder list I don't see much need of people having to sell down their DASH allocation to make room for some tasty CART. But with the stock up 100% in 12 months, there will be some of those flows I imagine.
https://substack.com/@blindsquirrelmacro/note/c-42031558?utm_source=notes-share-action&r=9ef2u
I think the only way the PE guys get out is by being diluted down to nothing via Stock Based Comp!! Capital owning so much is a complete head scratcher for me!!
Great DDDD!
https://substack.com/@blindsquirrelmacro/note/c-42031558?utm_source=notes-share-action&r=9ef2u
Enjoy the write-up as usual. Doordash just launched locally. Restaurants definitely mark up the price to account for commission (probably similar to Uber Eats). I have never use these apps personally. Since everyone is feeling the pitch these days, they seem a bit underwhelming TBH!
Thanks Tony. I think there has to be massive leverage to an economic downturn
https://substack.com/@blindsquirrelmacro/note/c-42031558?utm_source=notes-share-action&r=9ef2u
Nice thread Squirrel.
Quick one, what is the source of the insider transaction screenshot if I can ask ?
Thanks ! Fred
https://substack.com/@blindsquirrelmacro/note/c-42031558?utm_source=notes-share-action&r=9ef2u
Marketwise
Sorry but do you have a link, somehow my browser struggle to find any ?! Thanks :)
https://www.marketbeat.com/stocks/NYSE/DASH/insider-trades/
Sorry. Marketbeat!!
Yes got it now, thanks v much ! Ps: when you are in London next give me a shout, beers on me !
Hope all well Fred!
Thanks Daniel. I think the unprofitable public stock based compensation recyclers do not survive this cycle. Dash is a case study.
I like it, was looking for some thing that will also give me some beta hedging 😁
https://substack.com/@blindsquirrelmacro/note/c-42031558?utm_source=notes-share-action&r=9ef2u