Revisiting The Great Post-Covid Comeback: DoorDash
I must say, I am finding it increasingly fascinating to revisit companies that skyrocketed and subsequently crashed during the post-COVID boom of 2021 to 2023. The explosive growth of that period was driven by an unusual combination of factors, creating a perfect storm that sent valuations soaring and then crashing.
I have now written about this a few times, but I continue to find companies that have made it out alive or are in the process of getting the market's attention once again. They are making a comeback. And I love comeback stories! Just when everyone counted them out, they turnaround and surprise.
Yes, a surprising number of companies have shown resilience, adapting to the new environment with strategic pivots, improved efficiencies, and recalibrated growth plans.
Take DoorDash, for example (shown on the chart). This company epitomizes the highs and lows of the pandemic-era boom. For starters, it's up 300% since the bottom of its crash. During the lockdowns, DoorDash thrived as a lifeline for consumers stuck at home, but post-pandemic normalization presented significant challenges. Now, after navigating through turbulent waters, it seems to have found its footing once again. Its latest moves, bolstered by a mix of strategic innovation and operational focus, have nearly retraced the entirety of its crash.
What other companies from this era do you think are worth revisiting? Are there other potential comeback stories waiting to unfold?
I have now written about this a few times, but I continue to find companies that have made it out alive or are in the process of getting the market's attention once again. They are making a comeback. And I love comeback stories! Just when everyone counted them out, they turnaround and surprise.
Yes, a surprising number of companies have shown resilience, adapting to the new environment with strategic pivots, improved efficiencies, and recalibrated growth plans.
Take DoorDash, for example (shown on the chart). This company epitomizes the highs and lows of the pandemic-era boom. For starters, it's up 300% since the bottom of its crash. During the lockdowns, DoorDash thrived as a lifeline for consumers stuck at home, but post-pandemic normalization presented significant challenges. Now, after navigating through turbulent waters, it seems to have found its footing once again. Its latest moves, bolstered by a mix of strategic innovation and operational focus, have nearly retraced the entirety of its crash.
What other companies from this era do you think are worth revisiting? Are there other potential comeback stories waiting to unfold?
Leading TradingView's educational videos on Youtube: youtube.com/channel/UCfOflihrkOKDQZ_ZKtF2VfQ
Read my blog here: scheplick.com
Follow me on X here: x.com/scheplick
Read my blog here: scheplick.com
Follow me on X here: x.com/scheplick
Leading TradingView's educational videos on Youtube: youtube.com/channel/UCfOflihrkOKDQZ_ZKtF2VfQ
Read my blog here: scheplick.com
Follow me on X here: x.com/scheplick
Read my blog here: scheplick.com
Follow me on X here: x.com/scheplick
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.