Where Will Blue Apron Be in 5 Years?
Blue Apron (NYSE: APRN) burned a lot of investors after its IPO three years ago. The meal kit provider's stock, after being adjusted for a reverse split last year, currently trades more than 90% below its IPO price of $10 per share.
The stock tumbled as its growth stalled out, and competitors flooded the market. Its lack of profitability, abrupt management changes, and underwhelming turnaround efforts attracted even more bears. Looking ahead into the next five years, can Blue Apron stage an eleventh-hour turnaround?
Image source: Blue Apron.
Source Fool.com
