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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

#321

Post by dlubarov »

wgerard wrote: post #307
dlubarov wrote: post #291

Earlier quoted context omitted.

> You can do that, but shareholders can also do the following in response: Why would investors retaliate over a reverse stock split though? All other things being equal, isn't it good for shareholders if the stock stays on the NYSE? > Reverse stock splits simply to avoid being delisted is telling investors "we have no idea how to change direction so we're just gonna kick the can down the road for a bit". 29 days isn'…

> All other things being equal, isn't it good for shareholders if the stock stays on the NYSE? Shareholders would MUCH rather you have a plan to get back above $1/share. If this is your basement flooding, a reverse split is trying to soak it up with paper towels: It might work temporarily, but eventually you're gonna run out. Shareholders want to know you have a plan to fix the leak, or at least have a plan to call t…

Thanks for elaborating on the delisting process; that does seem somewhat more reasonable.

> [A reverse split] doesn't improve the fundamentals of the company at all.

It doesn't improve the fundamentals, but doesn't worsen them either. What's the harm?

> It's an admission that you have no idea how to create more value and are merely buying time.

Not necessarily. The company might have decided that its best option is to take a calculated risk, like creating a new market, introducing an unfamiliar pricing scheme, betting on economies of scale which don't exist yet, etc. In that case Wall Street analysts might maintain a low valuation, but the company isn't doomed, it's just risky.

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

#322

Post by slowmovintarget »

asah wrote: post #295
AareyBaba wrote: post #271

Earlier quoted context omitted.

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 b…

Can confirm! Also, - bread is awesome in the fridge, lasts weeks. - put ice cubes in a plastic bag to stop sublimination - drown basil in olive oil, squeeze out the air, cover in olive oil, then refrigerate - lasts months - peppers: soak and refrigerate in vinegar I struggle with cheese - olive oil can work but it's awkward.

For hard cheese: parchment paper and a ziplock bag.

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

#323

Post by jiveturkey »

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

well it’s BI so it’s a given that the headline is misleading or outright wrong

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

#324

Post by gambiting »

dwild wrote: post #269
gambiting wrote: post #250

Earlier quoted context omitted.

Tbf, I have done one of those boxes(Hello Fresh) for nearly 2 years and I has absolutely definitely taught me how to cook, purely through repeated experience. It goes beyond being able to follow a recipe - after cooking nearly 500 meals I have enough experience to make delicious meals without looking at timers or measuring everything down to a gram. Plus, each meal works out much cheaper than eating out. So for me pe…

> Plus, each meal works out much cheaper than eating out. So for me personally this was money extremely well spent. I also live in the UK. I just got 2 free boxes from Missfresh (seems local to where I live) and Goodfood. I tried my first yesterday and god I wish it was worth it to keep doing because they shown me that I actually can cook something amazingly good. However I didn't expected to keep buying theses boxes…

In UK £4.20/meal gets you pretty much nothing when eating out. Maybe if there is a deal on you can have a frozen burger and soda from Wetherspoons, but even Subway or McD is more expensive.

But that of course is eating out. I can cook a dinner for two for less than £8, no problem - but it's not as far as you'd think. Like, super simple meals:

1) chicken breasts(£3) + pack of mushrooms(£1) + parsley(£0.80) + cream(£1) = £5.80

2) pork/beef mince(£3) + chopped tomatoes(£0.50) + celery(£1) + carrots(£1) = £5.50

3) beef mince(£3) + chopped tomatoes(£0.50) + black beans(£1) + feta(£1.50) = £6

And that doesn't include the cost of pasta/rice, spices....but those are easy to buy in bulk so I assume cost per meal is Now that we're off Hello Fresh we budget £200/month for food(but that includes lunches), and that's doing all our food shopping at Lidl, which is stupidly cheap compared to any of the larger supermarkets.

So yes, cooking by myself is cheaper(I don't think that's a surprise to anyone), but I still consider hello fresh to be money well spent just for learning how to cook well.

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

#325

Post by wastedhours »

javagram wrote: post #108
wastedhours wrote: post #85

Earlier quoted context omitted.

> I would rather see a high-end TV dinner service. Am exploring that market at the minute, the model would be order on your morning commute, pick up freshly prepped ready meals from your transport hub on the way home. Interested in talking to anyone who's looking for something in that space.

Not sure if you saw this recently but there might be some relevant lessons to drawn on from Chowdy? https://news.ycombinator.com/item?id=18312602 Your business model description sounds a bit similar.

Thanks for the link - seems like a lot of their issues are based on playing it as a "startup" (although in the UK you can use a home kitchen for commercial food, you just still need to register with the FSA).

Am planning it as "just a regular" food business, so not looking for the rocket-style growth it seems they were banking on. Interesting story of failure in the space though!

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

#326

Post by wastedhours »

azinman2 wrote: post #219
wastedhours wrote: post #85

Earlier quoted context omitted.

> I would rather see a high-end TV dinner service. Am exploring that market at the minute, the model would be order on your morning commute, pick up freshly prepped ready meals from your transport hub on the way home. Interested in talking to anyone who's looking for something in that space.

Sounds similar to munchery but without the delivery. Question is if the hubs are located in convienent locations or not. If you make me sit in rush hour traffic to pick up dinner not already on the way, that’s a no go.

My London-centric nature essentially has it as being train/metro/tube only, not sure it'd be worthwhile scaling to locations without intense public transport density.

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

#327

Post by wastedhours »

xeromal wrote: post #139
wastedhours wrote: post #85

Earlier quoted context omitted.

> I would rather see a high-end TV dinner service. Am exploring that market at the minute, the model would be order on your morning commute, pick up freshly prepped ready meals from your transport hub on the way home. Interested in talking to anyone who's looking for something in that space.

We have a few of those in LA. They're called My Fit Foods and other similar names. They prep the food that day and offer breakfast, lunch, and deener options. Each meal runs 8 - 12 bucks. They're pretty wholesome usually, but they have a decent selection. My fit foods went bankrupt not too long ago, but most have been transformed to local versions of the same company.

Looks like a very similar model - am interested in the local versions (for my interests in food, looking for something more sustainable than "startupy").

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

#328

Post by beerlord »

goldcd wrote: post #140

Always seemed a strange business model. Appealing to people who "want to cook", but doing so by turning yourself into a production-line assembler. Like saying your want to learn carpentry, by buying some Ikea flat-pack. What confused me (and makes me think I've overlooked something) is why nothing more interesting has come along from the supermarkets. In the UK at least, they're all online and deliver - but they all…

We need an Uber for cooking.

Where we can connect some nearby retired folks to make dishes for others, without all the fuss and excessive additives (sugar, salt, butter) of commercial restaurants. Plus, allowing the cutlery and dishes to be reused (no plastics or disposables).

Probably with an emphasis on delivering multiple servings of food in one go, and with lead times in the days. Uber Eats with its single serves and lead times in the minutes is too wasteful.

Easier said than done, and a lot of friction in establishing a relationship like that.

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

#329

Post by poloniculmov »

beerlord wrote: post #328
goldcd wrote: post #140

Always seemed a strange business model. Appealing to people who "want to cook", but doing so by turning yourself into a production-line assembler. Like saying your want to learn carpentry, by buying some Ikea flat-pack. What confused me (and makes me think I've overlooked something) is why nothing more interesting has come along from the supermarkets. In the UK at least, they're all online and deliver - but they all…

We need an Uber for cooking. Where we can connect some nearby retired folks to make dishes for others, without all the fuss and excessive additives (sugar, salt, butter) of commercial restaurants. Plus, allowing the cutlery and dishes to be reused (no plastics or disposables). Probably with an emphasis on delivering multiple servings of food in one go, and with lead times in the days. Uber Eats with its single serves…

Are there no catering services in your country where you can get a pot of food delivered, instead of individual portions?

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

#330

Post by TarpitCarnivore »

sizzle wrote: post #294
AareyBaba wrote: post #271

Earlier quoted context omitted.

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 b…

Any tips for Avacados? I tried the brown bag but getting them to the right texture that isn't too hard or spoiled is maddening.

Leave them out and as they begin to get soft & ripe place them in the fridge. It'll slow it down, like bananas, and keep them ripe a little longer. When i was using avocados as snacks this was the only way I could keep them for multiple days.
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