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

GrubHub: Unusually High Cash Flow No Debt, And Improving Metrics Make This A One-Sided Affair

When I first came across the GrubHub (NYSE:GRUB) opportunity in early April I was a little shocked this company was going public. I mean, I just didn't see the need for a company generating absurd levels of cash flow, that had no anchoring debt obligations or interest expense that it needed new investors to subsidize, and that was showing growth across the board at exponential levels to open itself up to the challenges that come with being a public company. I saw this company as one of the best fundamental IPO's of the year, quite possibly the last few years, and was bullish the name from the outset. That bullishness has only grown stronger and more resolved after...

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