Below is a note written by CEO Keith McCullough on why we're adding Waitr Holdings (WTRH) to the long side of Investing Ideas today:

On days like today (very red unless you're long Treasuries and Utilities!) you should cover-some on the short side and look to add to longs that A) are down on #decelerating volume towards B) the low-end of the @Hedgeye Risk Range. WTRH fits that profile.

WTRH (Waitr Holdings) is one of Howard Penney's latest Best Ideas (Institutional Research product) and here's an excerpt from his recent notes that introduces the idea:

“We believe the growth of delivery globally in the restaurant industry will be significant, and there are going to be several ways to play the space.  Internationally, we like Just Eat and, while in the USA, GRUB has a significant advantage over its rivals.  Today, we are adding Waitr Holdings to the Best Ideas List as a LONG. 

WTRH has about 2.0 million active diners across Waitr and the newly acquired Bite Squad.  WTRH has an EV of $800 million and revenue estimates of $250 million for 2019.”

Buy on red (don't chase with the crowd on green),