Have you ever wondered what makes a business successful?
It’s one of the most fascinating things about the free market and capitalism…
A company’s recipe for success.
It all starts with an idea, right? That perfect idea that moves like-minded individuals in the same direction – driven by the same goal, to bring their idea to the masses.
Sometimes, the idea is something obvious. Something that’s been there the whole time – but it took somebody looking at it differently to actually take the first step in trying to figure out a way to make money with it.
One of my favorite success stories that also just happens to be in the GorillaTrades portfolio is GrubHub (GRUB).
For those of you who haven’t heard of GrubHub (and there probably aren’t many of you), it’s a mobile food-ordering company that connects diners with local restaurants.
It’s become a lifesaver for many singles and young professionals who just don’t want to have a drawer full of paper menus in their apartment…
Well, maybe lifesaver is a little heavy handed – space saver would be more apropos, but I digress.
Now, it wasn’t like GrubHub reinvented the wheel here…
It basically made an online directory for restaurants: simple.
It has delivery or pick up options for those restaurants and users get to decide which option they’d like – again… simple.
However, Mike Evans and Matt Maloney looked at it a different way.
They probably looked at each other and said something like, “Man, this is pretty simple – so simple that there isn’t anybody else doing it. Let’s make a mint!”
Of course, just because they had a good idea doesn’t mean it was the RIGHT idea…
They had no idea that they could take the idea of GrubHub from something written out on paper and build it into the more than $5 billion company it has become – but they took a shot anyway.
And that shot paid off…
As in just over three and a half years, GRUB has doubled its value…
You read that right…. DOUBLED!
And even though there have been some down times…
They’ve been able to watch as their share price has doubled.
Meanwhile, GRUB’s competitors have been trying to muscle in on GrubHub’s territory – but luckily for GrubHub – these usurpers have had very little luck.
GRUB CEO, Matt Maloney has said that competitors like Postmates and Uber Eats are wasting “billions of dollars” on marketing programs designed to lure diners away to their either comparable or inferior platforms.
Maloney went on to say, “They’ve thrown it away, and then they pull back from the markets because you know what? It’s not about the promos, people want to connect with their restaurants. It’s about the service. And the only thing we do is we connect diners to their restaurants.”
And that trust in the GrubHub product has translated well to investors – as the shares have DOUBLED over the past 3 & ½ years, jumping 57% in 2017 alone…
And the future looks even brighter as GRUB announced an online partnership with Yelp and their food-delivery service, Eat24.
This pairing could be HUGE for both companies…
And I’m looking forward to GRUB potentially making my GorillaTradessubscribers a lot of money over the next few months.
If you haven’t taken a look at this company – you might want to consider it…
You may not have gotten in as early as my GT subscribers did – but that doesn’t mean you won’t have a chance to pocket some cheddar.
Do yourself a favor and give GRUB a looksee…
It could be the best move you make all year!!
Oh! And before I go…
GRUB is just one of the many stocks that GT has in it’s expansive portfolio – many subscribers jump on my picks the moment the email hits their inbox – and often, that decisiveness pays off.
So, if you’d like to be among the first to get picks like GRUB – please consider joining GorillaTrades today.
I have a feeling you won’t be disappointed.
“You should learn from your competitor, but never copy. Copy and you die.” – Jack Ma