NEW YORK (TheStreet) -- GrubHub (GRUB) began its first day of trading Friday after its IPO. TheStreet's Jim Cramer says the online food delivery service, which also owns Seamless and MenuPages, is profitable, unlike other IPOs from the early 2000s such as Webvan, which had "nothing behind it."
Cramer thinks the stock is up because people like the service and want to buy the company; he preaches caution, though, because the stock is not cheap.
GrubHub traded at $36.45 at 12:26 p.m.
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