A recession is nowhere as deadly as massive rent increases. Massive rent increases are coming to Queens, Brooklyn, Bronx and Staten Island. Many of these chains will kill each other.
His 25 year track record is 26.9%/year through October. The model is 100% short, 200% long, and if you choose good enough long-term shorts, that makes for pretty cheap financing..... (i.e., getting paid to borrow).
Amazon may deliver groceries although the margin on delivering low value items are not great for end consumers. Who would pay delivery for a bunch of brocolies vs ordering food for a week, and with freshness and all you don;t want to overstock your fridge. Also food gets cold. They only guy actually could have an edge in delivering food fast is musk. Imagine autonomus teslas using tunnels and heat from battery to deliver food warm, fast, even then you need high value food such that trasport cost is like 10% of total cost or it doesn't make sense. Valuetainment guy talked about private chefs idea. Maybe combine the 2 and have some business although its tough. Name the stock TeleGordon or something, watch robinhood traders flow :P. Or maybe deliver the food with drones.
Ok. As of Sept. Grub hub has stopped highing couriers in one of the bigest Markets, San Francisco. Post Mates, UBER eats and Caviar are still taking on delivery people via there app. No one is using there app/service.
Customers are wining in this they get discounts on food and saving fare to go to restaurant i believe only the losers are investor in these companies and Restaurant owners
IM SHORT "JIM CHANOS" THERE IS BIGGER DEMAND DAILY FOR FOOD ESPECIALLY IN INNER CITIES AND STATES THAT HAVE LEGAL MARIJUANA DISPENSERS (AKA MUNCHIES). THIS GUY IS AN OLD FART PAST HIS TIME. FOOD DELIVERIES OR ANY DELIVERIES ESPECIALLY ON THE SMALL SCALE WILL CONTINUE TO IMPROVE AND GAIN MARKET SHARE FROM HEAVY TRANSPORT.
Adam C Yep... and he has already covered his position... making short sellers who listened to him saying Tesla will go to zero and bunch of literally “Poor” suckers
@@andrepoon The price still went up to $350 after he bought so anyone who still followed his recommendation may have gotten at a better price . Stop being a bitter fanboy
Grubhub will go bankrupt because of people like me in a small town i "worked" 27 hours one week and got paid $418 only took 20 orders. explain where Grubhub is profitable
Grubhub will change the business model of restaurants. In the future, restaurateurs will build non-dining room restaurants in industrial parks at 1/10th the cost per foot of high visibility retail, their margins will increase by incentivizing take out menu rates as their labor costs are reduced by 50% without waiters, busboys and others.
Mezz its already happening in Australia. 1 industrial unit ( 1 owner ) is opening 4 different restaurants, 4 different websites, same staff, with the costs of 1industrial unit. If one of the brands goes bad, they pull down the website and try another brand. Its a shame that the rents and overheads restaurants and cafe's are becoming too much. Its 1 more social activity gone. The delivery companies are the nail in the coffin for seated venues. At least people can spend more time at work now, and spend more time eating in front of the TV.....
@@tonysimon6312 awesome comment! I think this needs to happen in order for rents to lower. That model you mentioned is brilliant. Also to chime in here in Los Angeles strend vending is legalized and there are even street vendors that appear on the on demand delivery apps.
@@be4unvme I'm not saying its my preference, but that is the way restaurants are going. Those 4 shitty restaurant are now taking 100k a week, with no wait staff and factory rent ie. that's about 25% of retail rent. The 1 "really good" model you speak of is not sustainable for the operator any more. Greedy land lords and delivery demand has killed the "really good" industry and turned it into the "try to survive" industry. The consumer has decided that they would rather eat at home and are happy receiving the meals after 30 minutes on the back of a motor bike and still accept the quality. In Sydney today, I know of cafe's that are taking 25k a week and are considering closing their doors because they are losing money. I would prefer 4 profitable"shitty ass"restaurants than a broke ass "really good" one
Completely disagree with his statement. There are so many worse tech app stocks and ipo’s. Grubhub makes a profit. Uber is losing billions a year. Food delivery future looks good as well
I've seen this clown that calls himself a journalist bring up Chanos (and vehemently defend him) in several interviews with guests talking about Tesla (Carl Icahn, Chamath, etc). Why on earth will he not ask him about his position against #Tesla? If he is not a paid tool? Soul-less journalism!!!
