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Blue Apron becomes a penny stock, trading under $1 for the first time

markets.businessinsider.com

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Re: Blue Apron becomes a penny stock, trading under $1 for the first time

#271

Post by AareyBaba »

asdff wrote: post #222
djhworld wrote: post #174

Earlier quoted context omitted.

I think the biggest problem for me as a single person is the way most stuff sold in supermarkets is designed for family meals. Which is fair, families probably represent a significant portion of their customer base. But it becomes problematic for me because I either have to eat the same meal 4 days in a row (or freeze it) or only use half of the ingredients and shove the rest in the cupboard, or throw it away because…

Some perishables like fruits and vegetables are terrible to buy. Cilantro comes in a massive bunch from which I take three sprigs, and its rotten in a couple days. Bananas are unedible until day 2, then I have maybe a 3-day window to eat all the bananas before they are flabby, brown, and mushy. Even if I throw a handful of arugula in every single one of my meals, its massive tub is barely half empty by the time it st…

Cilantro/Basil/Parsley/Green onions: place the stems in a glass of water,cover with a plastic bag and keep in the refrigerator. It will last more than one week.

Mushrooms: place in a brown bag in the refrigerator. They will last more than a week. They slowly dry up and can be rehydrated like dried mushrooms.

Bananas: when they are about to ripen place in the refrigerator. The skin will turn brown and look miserable but the inside will be just fine. You'll gain two or three days more time to eat them.

Arugula,spinach and other salad greens: Put the leftovers in your lunch bag and snack at work.

Re: Blue Apron becomes a penny stock, trading under $1 for the first time

#272

Post by twblalock »

Blue Apron is a perfect example of a company that has no moat. Anyone could compete with them -- other delivery startups, Amazon, grocery stores, etc.

There is also no obstacle to Blue Apron customers jumping ship to a competitor. That contributes to making a moat impossible, but it also means Blue Apron and services like it are probably going to be commoditized and forced into a race to the bottom on prices, so I wouldn't expect their future profit margins to be very good.

The only way Blue Apron can differentiate itself is by offering better recipes and better customer service than its competitors. But their competitors can easily become equally good at those things.

Overall it's not a good investment because even if the business manages to survive, it won't be able to make very much money for its shareholders. I guess you could buy the shares cheap and hope Blue Apron will be acquired.

Re: Blue Apron becomes a penny stock, trading under $1 for the first time

#273

Post by stevewillows »

asdff wrote: post #222
djhworld wrote: post #174

Earlier quoted context omitted.

I think the biggest problem for me as a single person is the way most stuff sold in supermarkets is designed for family meals. Which is fair, families probably represent a significant portion of their customer base. But it becomes problematic for me because I either have to eat the same meal 4 days in a row (or freeze it) or only use half of the ingredients and shove the rest in the cupboard, or throw it away because…

Some perishables like fruits and vegetables are terrible to buy. Cilantro comes in a massive bunch from which I take three sprigs, and its rotten in a couple days. Bananas are unedible until day 2, then I have maybe a 3-day window to eat all the bananas before they are flabby, brown, and mushy. Even if I throw a handful of arugula in every single one of my meals, its massive tub is barely half empty by the time it st…

For cilantro, get a mason jar with a little water in it. After the cilantro is in, cover the leaves with a plastic bag. The cilantro will be good for about a month.

Re: Blue Apron becomes a penny stock, trading under $1 for the first time

#274

Post by Wowfunhappy »

wgerard wrote: post #17
checkdigit15 wrote: post #2

"Securities traded on a national stock exchange, regardless of price, are exempt from regulatory designation as a penny stock"[1] Blue Apron is on the NYSE [1]"SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 240" https://www.sec.gov/rules/final/34-51983.pdf

NYSE has minimum share price/market cap requirements, so Blue Apron will get delisted if this continues for more than 29 consecutive trading days. i.e. It could easily become one.

This is still a very different statement from the one in the headline!

Re: Blue Apron becomes a penny stock, trading under $1 for the first time

#275

Post by allertonm »

asdff wrote: post #222
djhworld wrote: post #174

Earlier quoted context omitted.

I think the biggest problem for me as a single person is the way most stuff sold in supermarkets is designed for family meals. Which is fair, families probably represent a significant portion of their customer base. But it becomes problematic for me because I either have to eat the same meal 4 days in a row (or freeze it) or only use half of the ingredients and shove the rest in the cupboard, or throw it away because…

Some perishables like fruits and vegetables are terrible to buy. Cilantro comes in a massive bunch from which I take three sprigs, and its rotten in a couple days. Bananas are unedible until day 2, then I have maybe a 3-day window to eat all the bananas before they are flabby, brown, and mushy. Even if I throw a handful of arugula in every single one of my meals, its massive tub is barely half empty by the time it st…

Put your cilantro in a ziplock bag, roll it up to exclude the air before zipping up and keep it in the fridge. Will keep for quite a lot longer.

Re: Blue Apron becomes a penny stock, trading under $1 for the first time

#276

Post by ummonk »

conanbatt wrote: post #136
ummonk wrote: post #121

Earlier quoted context omitted.

Eh what? I can eat out at a restaurant for like $15 with tax and tip, and the packed food usually lasts me an additional meal. I avoid pricey restaurants though.

What do you eat at a restaurant that costs that much?

Dishes are usually $10-$12. Slightly less for some restaurants, but usually at those restaurants I need to order something else as well (e.g. $2 naan at an Indian restaurant or fries at a burger place). Add in tax and 20% tip and it comes out to ~$15.

Re: Blue Apron becomes a penny stock, trading under $1 for the first time

#277

Post by ghaff »

StillBored wrote: post #257
Karunamon wrote: post #236

Earlier quoted context omitted.

Not in the same quantities you can't. If something calls for, say, eggs, you aren't going to buy a single egg, you're buying six at a minimum. If something calls for fresh cilantro, you're buying a whole bunch. If you're cooking for a family, fine, but cooking for one or two? The food waste problem sucks , and you can't really get around it unless you like eating the same thing for days in a row.

Please, you do what we have been doing for the last 100 years. Freeze the extra. So you get 1 meal that is fresh and two that are frozen you can eat in a couple weeks. Do you honestly think that when you go to applebee's (or similar) the food didn't come out of a freezer? But maybe the real problem here is lack of "cooking" knowledge. Grinding that cilantro up and mixing it with some garlic and olive oil will extend…

>My wife thinks I'm weird for taking chicken/turkey bones/necks/etc and making stock, but it turns a pile of bones meat scraps into a nice soup.

I was at my dad's over Thanksgiving and we had a pretty good-size turkey. Saved some leftover meat for sandwiches. And then I made turkey soup and stock out of the carcass and some more of the leftover meat. Maybe this is considered weird by SV standards but I'm by no means a pioneer homesteader and this seems absolutely normal to me.

Re: Blue Apron becomes a penny stock, trading under $1 for the first time

#278

Post by ryacko »

asdff wrote: post #222
djhworld wrote: post #174

Earlier quoted context omitted.

I think the biggest problem for me as a single person is the way most stuff sold in supermarkets is designed for family meals. Which is fair, families probably represent a significant portion of their customer base. But it becomes problematic for me because I either have to eat the same meal 4 days in a row (or freeze it) or only use half of the ingredients and shove the rest in the cupboard, or throw it away because…

Some perishables like fruits and vegetables are terrible to buy. Cilantro comes in a massive bunch from which I take three sprigs, and its rotten in a couple days. Bananas are unedible until day 2, then I have maybe a 3-day window to eat all the bananas before they are flabby, brown, and mushy. Even if I throw a handful of arugula in every single one of my meals, its massive tub is barely half empty by the time it st…

Dry or freeze your herbs?

Older simpler technology makes for some good habits.

https://en.wikipedia.org/wiki/Food_dehydrator

Re: Blue Apron becomes a penny stock, trading under $1 for the first time

#279

Post by samstave »

notyourday wrote: post #132
yourbandsucks wrote: post #91

Earlier quoted context omitted.

Why can't they sell for cheaper than $50/4? Sounds like they have a lot of high-tech labor costs for a fundamentally low-tech, low-margin business. They were all over my LinkedIn a year or two ago.

Because it was started by people who are not subject matter experts and funded by people who are not subject matter experts. It may have a place at $5 per person per meal, all inclusive and even that it is questionable for the majority of the market.

This begs the question,

Who are the most moon-shot long-term visionaries of the investment market, where their actual investments will exponentially benefit a large group of humans positively over time, aside rom bill gates

Re: Blue Apron becomes a penny stock, trading under $1 for the first time

#280

Post by ummonk »

jerkstate wrote: post #130
ummonk wrote: post #121

Earlier quoted context omitted.

Eh what? I can eat out at a restaurant for like $15 with tax and tip, and the packed food usually lasts me an additional meal. I avoid pricey restaurants though.

Implying that $10 and $15 are approximately the same is telling. I'm talking about 6 to 40 person-meals per week for a family. (FWIW $10 per person-meal from blue apron is at the high end of home cooking, unless you are cooking high end ingredients like fancy fish or steak or including wine)

You said $10 per serving. I average $7.50 per serving from eating out ($15 per eat-out which lasts me two meals, since I go for restaurants which provide generously sized dishes).
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