Dallas Salazar
IPOs, contrarian, long/short equity, long-term horizon

Defending GrubHub's Secondary Offering And Highlighting The Future Of The Company

This continuing coverage article will address GrubHub, Inc.'s (NYSE:GRUB) recent announcement of its intention to offer 10,033,415 shares to the public. This article will discuss the ramifications of the offering, the recent Q2 earnings announcements, and the short and mid-term futures of the company. This article will make the argument that the offering is a net positive to the company, that the ~$50 million raised will create and contribute to immediate accretive opportunities, and that the company remains in the most fundamentally attractive position for share price appreciation since it held its IPO.

Who is GrubHub?

GRUB operates an online food ordering platform that allows customers to place "take-out" orders from a desktop, laptop, tablet, or mobile device....

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