Overview
Waitr Holdings (WTRH) pre-released earnings on July 6th, and I believe it's a signal from management of its intentions to sell the company. With tons of activity going on in the sector, positive macro headwinds, and very positive financials, it looks clear to me that Waitr stock has a disproportionate number of positive outcomes on the horizon.
The starting point is to talk about the price (valuation) of a potential deal, followed by the rational (strategy) of a deal.
M&A Valuation
Acquisitions typically follow historical deal comps, and for this, we have