$DASH · Joseph Carlson After Hours · 2026-11-02
DoorDash 当前价值 250 美元，约有 33% 的上行空间，尽管市盈率非常高：管理层追求的是网络规模和市场份额，而非近期利润、成本或利润率。收购 Instacart 是巨大胜利，将增长延伸至零售配送；这扭曲了短期指标，但构建了一个可提升利润率和效率的网络。
逐段跳播
正是这笔钱为我在 Dor Dash 和 Uber 上的投资提供了资金。
This is what funded my investments in Dor Dash and Uber.
最后是 Dur Dash，它是我目前投资组合中规模最小的公司，持仓金额为 23,000 美元，收益为 1,600 美元，我对 Dur Dash 的看法也非常相似。我认为这两家公司都有极高的上涨潜力。
例如，我给 Dash 这个角色估的公允价值是 250 美元。
Finally, we have Dur Dash, the smallest company in my portfolio today, with a financial position of $23,000 and earnings of $1,600, and I have a very similar opinion about Dur Dash.
I believe that these two companies have extremely high upside potential . For example, my fair value for the role of Dash is $250.
如果你看当前的市盈率和估值指标，似乎说不通，因为它的市盈率非常高。但你需要了解这些公司是如何运作的。它们并不专注于提升当下的利润。这些公司有能力主导市场。它们想要收购尽可能大的网络。
因此，一些投资者关注的是未来 12 个月的短期市盈率，而管理层并不在意这一点。他们不是在努力改善成本、费用或营业利润率，而是在努力提升增长、抢占市场份额。
If you look at today's price-to-earnings ratios and valuation metrics, it doesn't seem to make sense, because it has a very high price-to-earnings ratio. However, you need to know how these companies operate.
They are not focused on improving profits today. These companies are in a position to dominate the market. They want to acquire the largest possible networks. Therefore , some investors focus on short-term price-to-earnings ratios for the next 12 months , while management does not care about that.
They are not working on improving costs, expenses, or operating margins. They are working on improving growth and capturing market share.
从 DoorDash 身上就能看到这一点。他们最近签署了收购 Instacart 的协议。这是一笔巨大的交易。Instacart 将为他们提供一条在零售领域与餐饮配送并驾齐驱、继续增长的途径。
因此，这对 DoorDash 来说将是一场巨大的胜利。再说一次，这在短期内会扰乱一些指标，但这将使它成为一家庞大的网络公司，他们可以借助它来提升利润率、运营效率等等。
We can see that with DoorDash. They recently signed an agreement to buy Instacart. That's a huge deal. Instacart will give them a way to continue growing in the retail sector alongside restaurant delivery.
Therefore, that would be a huge win for DoorDash. Again, this will disrupt some metrics in the short term, but it will make it a huge network company that they can leverage to boost margins, operational efficiency and all that.
所以，当我审视这家公司时，我认为它今天值 250 美元。这意味着大约 33% 的潜在涨幅。
So, when I look at this company, I think it's worth $250 today. This means potential gains of approximately 33%.
这个频道对 $DASH 的历次判断
Joseph Carlson After Hours 在这只股票上共 4 条判断，这里只列相邻的几条。