“It’s never too late to retire early”

12 Dec 2020 | Here are the best stocks for 2021

The Never Too Late Investor

“It’s never too late to retire early”

Three reasons to avoid food delivery stocks

DoorDash app open on a phone next to food
Image Source: Motley Fool

Shares of the DoorDash start-up jumped 86% on its IPO day. The surge comes as restaurant delivery apps have been among the big winners during the pandemic and amide speculation of a broader bubble in tech stocks.

At a valuation of double that of well-established restaurant chains, it seems hard to justify DoorDash’s market cap. The company is still unprofitable, even as its experienced significant tailwinds from the pandemic. Beyond valuation concerns, there are several other reasons to avoid food delivery stocks.

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Gordon Fox


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Gordon Fox is the editor of investinglate.com and writes about Investments, Savings, and how to make the most of your money