25 Nov 2021 | Value Investing Substack NEWS
Cat Rock Capital recommends Grubhub, Asianometry's 7 Taiwanese Startups on the Rise, Grab's SPAC update, What the hell is Putin doing, How to grok the CCP, Olaf Scholz to be Germany's next Chancellor
This is Value Investing Substack NEWS! Subscribe for free below to get daily market news delivered to your inbox!
Your inbox is about to become interesting! Subscribe for free to receive new posts and support my work.
“Nevertheless, the market is undoubtedly wrong to attribute negative value to Grubhub, which has $10 billion of GMV, over 300,000 restaurant partners, coverage of over 4,000 US cities, and a same-day logistics network that delivers 68% of its orders.
“Moreover, Grubhub is the only credible path for US online grocery businesses such as Amazon, Walmart, and Instacart to match the converged online food and online grocery offerings of DoorDash and UberEats. There is no question that a combined online food delivery and grocery app offers a far better consumer proposition than either service alone.
SUBSTACKS + TWITTER:
News & Others:
The Sinovac vaccine efficacy drops to 28% against both Covid-19 infection and ICU admission in three to five months after completing vaccination.
It said that in contrast, Pfizer’s two-dose Covid-19 vaccine remains 79% effective at preventing ICU admission after three to five months from 86% after the primary vaccination. In terms of protecting against Covid-19 infection, however, Pfizer’s vaccine efficacy declined from a peak of 89% to 68% over the same time frame.
The study further found that Sinovac’s Covid-19 vaccine was only 76% effective against breakthrough deaths after three to five months, falling from 79% two months after the primary series. In comparison, Pfizer’s Covid-19 vaccine remained 91% effective against breakthrough deaths after five months.