[I own DoorDash stocks. This is not investment advice. Do your own due diligence.]

This is a follow-up piece to my previous post on DoorDash (Sep 2021, link here).

I liquidated my previous DoorDash position in early- and mid- November 2021. Since then, I have been buying DoorDash again.

Summary

DoorDash is the No.1 Food Delivery company in the U.S. Controlling over 50% of the U.S. Food Delivery market, DoorDash has the largest delivery network, the highest work density, and the lowest delivery cost. It is a powerful network that can solve a variety of use cases, ranging from 10-min delivery to 1-day delivery.

Read More »

[Full disclosure: I own DoorDash stocks. This is NOT investment advice. Do your own due diligence.]

I have been bullish on DoorDash since early 2021. Finally, I got some time to share my thoughts here on the blog. Because it is a short blog piece, I only have space to highlight a few key topics.

Bullish views

In many Asian countries, food delivery apps have fundamentally changed how people eat. These apps are convenient and affordable. In some cities, food delivery apps have achieved “cost parity,” meaning paying for food deliveries costs about the same as buying ingredients and cooking them at home! Bullish investors bet food delivery’s success in Asia can be replicated in the U.S.

Read More »

Virgin Galactic had a successful test flight on July 11, 2021. See the flight path above. After reaching its peak, VSS Unity came down through an unpowered glide. I believe the exact same has been happening on Virgin Galactic’s stock price (ticker: SPCE), peaking out during the test flight weekend and continuing its unpowered glide downward.

---

For SPCE, bullish arguments are obvious: large TAM, software business–like EBITDA margin, etc. The company even dedicated a section of its public filings to touting its TAM and potential profit margin levels.

Read More »

Before leaving Hong Kong for graduate school, I spent some time in Shenzhen helping a friend with their startup. Every morning, I commuted to Shenzhen from Hong Kong and at around 9 am I would try to hail a taxi on the street, but morning was the time when it was impossible to hail a taxi by just standing there. The only way to get a taxi or a private car was through a mobile transportation app. This is why millions of consumers in China, including me, use Didi and Uber.

Read More »