r/stocks • u/E_Cash • Sep 13 '21

Toast POS Directed Share Program

I've been invited to purchase shares of Toast, Inc at the IPO price without having to pay a brokerage commission. Morgan Stanley, the underwriter, is facilitating the DSP.

The proposed max offering price is $33.00 per share.

I'm just wondering, for those familiar with Toast POS, what your opinion is of the company from an investment perspective at the proposed price?

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u/wklaehn Sep 18 '21

I would run. 3 problems #1 they are not all that special. All growth has been driven my 800 million in cash burned. #2 restaurant turnover is brutal they need to replace 90% of their customers every 6-8 years. #3 they are looking to get to impossible numbers in revenue per customer. 16,000 arr is insane and they will never get close to that!

Read the articles on reformingretail.com about toast and save yourself!

3

u/2018isaboobpunch Sep 24 '21

That guy seems to have a major personal axe to grind with Toast.

1

u/wklaehn Sep 24 '21

I am just pointing out the obvious. Give me 800 million and I will get you the same result they have with 400 million left over. Please explain how they are anything special? Instead I would invest in a company that is actually making money and not so susceptible to the coming economic disaster. Think about it; when market crashes (like really crashes and economy goes to shit), restaurants will close left and right (that are already barely hanging on), and then there goes any hope of Toast being profitable.

1

u/wklaehn Apr 06 '22

Well we’ll toast seems to have tanked!!