We joined Fox Business, Yahoo Finance, Bloomberg News and the TD Ameritrade Network to discuss our honest views on DoorDash’s IPO. See details in our report. Key points in our interviews:
- DoorDash has no moat
- High competition and low switching costs mean no sustainable profits
- Valuation at $180/share implies DoorDash owns ~120% of its TAM
- This IPO makes $ for Silicon Valley and PE firms, not public investors.
This article originally published on December 11, 2020.
Disclosure: David Trainer, Kyle Guske II, and Matt Shuler receive no compensation to write about any specific stock, sector, style, or theme.
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