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Industry Focus

CG: GrubHub Falls Victim to October Sell-Off

Industry Focus

The Motley Fool

Interview, Money, Consumergoods, Business, Businessnews, Ceo, Technology, Investing, Stocks, Energy, Fool, Financial, Economy, Healthcare, News, Banking, Motley, Tech, Business News, Investments

4.6854 Ratings

🗓️ 30 October 2018

⏱️ 31 minutes

🧾️ Download transcript

Summary

Shares of GrubHub are down 40% even as the company recorded impressive top line growth of 52% in the third quarter. We take a big picture look at the recent market volatility before digging into the opposing forces at play for the leading restaurant delivery platform.

Thanks to Netsuite for supporting the show. Get the FREE guide -- “Crushing the Five Barriers to Growth” -- at NetSuite.com/FOOL.

Transcript

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0:00.0

Thanks to NetSuite by Oracle, the business management software that handles every aspect of your business in an easy to use cloud platform.

0:06.6

Get the free guide, crushing the five barriers to growth at NetSuite.com slash fool.

0:11.1

Welcome to Industry Focus, a podcast that dives into a different sector of the stock market every day.

0:18.0

I'm your host Vincent Shenon, it's Tuesday, October 30th.

0:20.0

It's my pleasure to welcome to the show Senior Motley Fool Contributor

0:23.7

Asa Sharma was calling into the full HQ studio by Skype. Hey Acid, thanks for

0:29.0

hopping on. Thanks a lot, Vince. It's great to be back and listeners. Hello, been a while.

0:37.0

Yeah, last time we chatted you were getting ready for a pretty big trip abroad. How was it?

0:42.0

It was awesome. So I went to Germany to settle my

0:46.3

oldest son into a university there. He's going to engineering school. And I was in Hesson state, which is a really prosperous state.

0:56.0

This is beautiful place to see and I was of course intrigued by the vibrancy of the German manufacturing that I saw in that area.

1:04.4

So if we had time today, I would tell you all about it in detail, but alas, we have to move on.

1:10.8

But thanks for asking.

1:11.7

It was a lot of fun and I ended up going

1:14.0

you end up having a chance to go to Spain like we talked about I never made it the

1:20.9

thing I did do was to take an overnight train to Berlin on my last day because I'd never seen Berlin

1:26.2

So I got to boop around there in the morning of my last day, which was really awesome, but I have to keep Spain unfortunately at the top of my

1:36.2

bucket list got to knock it off soon. Awesome sounds like a really fun trip.

1:40.6

As it turns out since the last time that you were on

1:44.2

industry focus with me it was the beginning of October it was actually right

1:47.7

before the broad markets began their recent slide that's and be 500s down almost 10%, NASDAQ even more than that.

1:55.4

So out of the 21 trading days in October so far, S&P 500s closed down for 16 of them and were

...

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