Blue Apron becomes a penny stock, trading under $1 for the first time
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Blue Apron becomes a penny stock, trading under $1 for the first time
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Re: Blue Apron becomes a penny stock, trading under $1 for the first time
#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
Re: Blue Apron becomes a penny stock, trading under $1 for the first time
#3[deleted]
Re: Blue Apron becomes a penny stock, trading under $1 for the first time
#4Just reverse split: less shares, same market cap = higher price. wow no more penny stock status
Re: Blue Apron becomes a penny stock, trading under $1 for the first time
#5Just reverse split: less shares, same market cap = higher price. wow no more penny stock status
Pisses off a lot of people.
Not sure why the downvotes. If you own a stock that has to resort to a reverse split that’s probably bad news for you, but invest however you want.
Re: Blue Apron becomes a penny stock, trading under $1 for the first time
#6After 10 years of marriage, my wife thought it would be helpful for me to start cooking, as she was getting stressed out with our 2 years old.
We used Blue Apron as the starting point.
I can't tell you how much time we save in planning meals and trips to the store. My wife doesn't have nag me about what I what I want for the week's dinner. The quality of the food and the time saved is well worth the price. I know there are some disadvantages about Blue Apron such as waste, carbon food print etc...
Cooking with Blue Apron is now extremely relaxing for me as I cook and just tune into NPR or teach my son to cook. Out of 100 meals I would say that we only had maybe one that was mediocre.
I suspect Blue Apron will survive as it will probably be taken over or bought out. It's kinda the leader of the pack and the market will eventually consolidate. It also helps that I might have helped I bought about $1000 discounted gift cards at Costco.
Re: Blue Apron becomes a penny stock, trading under $1 for the first time
#7After 10 years of marriage, my wife thought it would be helpful for me to start cooking, as she was getting stressed out with our 2 years old. We used Blue Apron as the starting point. I can't tell you how much time we save in planning meals and trips to the store. My wife doesn't have nag me about what I what I want for the week's dinner. The quality of the food and the time saved is well worth the price. I know the…
Dang, I had the opposite experience with Blue Apron. Never saved time.
Expensive and the recipes took 2-3x longer than it says on the box.
Delicious food, but there was no leftovers. We finished the food and were still hungry. Cannot fathom using them as a meal provider.
The only thing I learned is that roasted beats and carrots are delicious. Don't need Blue Apron anymore.
Re: Blue Apron becomes a penny stock, trading under $1 for the first time
#8As someone who's very un-knowledgeable about the stock market - is there something special about the $1 mark? Isn't it arbitrary how the total market value of the company is divided into individual shares?
Re: Blue Apron becomes a penny stock, trading under $1 for the first time
#9After 10 years of marriage, my wife thought it would be helpful for me to start cooking, as she was getting stressed out with our 2 years old. We used Blue Apron as the starting point. I can't tell you how much time we save in planning meals and trips to the store. My wife doesn't have nag me about what I what I want for the week's dinner. The quality of the food and the time saved is well worth the price. I know the…
I don't own any of this stock right now, but I have been keeping an eye on it.
For this particular stock, I'm apply the Peter Lynch strategy of investing in regards to Blue Apron. https://www.investopedia.com/articles/stocks/06/peterlynch.a... Mostly buy what you like and know.
All of my other trades are algorithmic...
Re: Blue Apron becomes a penny stock, trading under $1 for the first time
#10After 10 years of marriage, my wife thought it would be helpful for me to start cooking, as she was getting stressed out with our 2 years old. We used Blue Apron as the starting point. I can't tell you how much time we save in planning meals and trips to the store. My wife doesn't have nag me about what I what I want for the week's dinner. The quality of the food and the time saved is well worth the price. I know the…
Dang, I had the opposite experience with Blue Apron. Never saved time. Expensive and the recipes took 2-3x longer than it says on the box. Delicious food, but there was no leftovers. We finished the food and were still hungry. Cannot fathom using them as a meal provider. The only thing I learned is that roasted beats and carrots are delicious. Don't need Blue Apron anymore.
They recently added meals that take 20-30min rather than 30-55min and it has made a world of difference, not to mention they expanded the menu. I also find some of the meals tastier because they're simpler rather than using too many ingredients. I still get the occasional bland one, but they have improved.
As a company I wouldn't invest in them. The amount they spend on advertising (e.g. really pricey podcast advertising) with a high churn rate is concerning.