Zomato's USD 1Bn IPO: India Foodtech's Lead Play. Striking when the Market Is COVID-Hot.
Preview of (likely) IPO valuation based on Zomato's recent fundraising, and analysis of the company's operational basics, strengths, risks, and...
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Match: Closing Out the Short
In the past few days, IAC, ANGI, and MTCH all reported earnings. The main takeaway? Their businesses are seeing an acceleration in the LT secular...
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Meituan (3690 HK) Pre-Earning: Catering Industry Decreased 43% in China? Maybe Worse.
Meituan will release 2019 result on March 30, much later than last year. The National Statistics Bureau of China released that catering revenues...
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IAC: A Care-Full Quarter.
This note is a followup to our recent long idea on IAC. The quarter was mostly supportive of our long thesis and the NAV discount has even widened...
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ANGI: Still Working to Fix the Price
This note is a follow-up to our recent long idea on ANGI Homeservices. The quarter was mostly supportive of our long thesis.Best Working Thesis:...
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