06/06/19 11:12 AM EDT

WTRH: We Are Removing Waitr Holdings from Investing Ideas

Takeaway: We are removing WTRH from the long side of Investing Ideas today.

A quick note from Hedgeye CEO Keith McCullough:

Good day trade off yesterday's lows. Horrendous long idea during Quad 4 (Levered, Small Cap, Growth) that really has no catalysts until they report their next quarter.

Taking the loss and will revisit Restaurants analyst Howard Penney's long thesis closer to the end of the summer time.

No change to Restaurants analyst Howard Penney's fundamental long thesis. Click here to read our analyst's original report.

WTRH: We Are Removing Waitr Holdings from Investing Ideas

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