Summary: OVERPRICED
Score: 6/20
MOS: -300%
Share Price: $30
Sticker Price: $7
In the last 24 hours, Uber announced that it has plans to acquire rival food-delivery company Postmates. Uber failed to buy GrubHub earlier this year and now it has Postmates in it’s sights. Although the move may look like a smart play to gain market share, the competition in this industry is strong.
Some of the competitors include:
Lyft (international)
Didi (China)
Ola Cabs (Australia, New Zealand, and the UK)
Grab (Thailand, Philippines, Cambodia, Myanmar, Japan, Vietnam, and Indonesia)
and the list goes on…
With an OVERPRICED rating and too many competitors, I think you and I can find plenty of better deals in the market.