Delivery Hero(OTCPK:DLVHF) has performed incredibly well in 2019, increasing nearly 150% in the year. While its leadership position in the fast growing food delivery market as well as the strong performance it has shown in recent quarters warrants a high valuation, we believe the current valuation is irrationally high. We believe investors should wait for a pullback before buying.
About the market
Just a few years ago, the only food you could order delivered in most countries was fast food. Today, most restaurants in the world offer food delivery as an option for