Some of my thoughts, with all due respect to all the views and analyst who has way more knowledge than me.
- Zomato is executing very well
- It is profitable atleast
- I track the MF investments, I see lot of MF guys are buying it, even though the high PE (They are for sure smarter than me
) - Almost all players are burning cash to catch the eyeballs (So i guess if I have to choose between ‘bad’ and ‘worst’ I will choose ‘bad’)
- My thesis is this ‘mindset’ rather than a company (of Indian Wives atleast)
- In small towns people say ‘zomato’ karale (means online ordering synonym is zomato like ‘google it’
Vijay sir says right chase the story
I know these points does not make a lot of sense from fundamental valuation perspective
Disc: Invested a small portion of my PF just because of high valuation