Why You Should Cut Your Apron Strings With Blue Apron
Blue Apron (NYSE: APRN) still hasn't recovered from the shock-and-awe havoc Amazon.com (NASDAQ: AMZN) wreaked upon it by announcing it was buying Whole Foods Market (NASDAQ: WFM) for $13.7 billion. From one of the most anticipated IPOs of the year to the worst performing, the meal delivery service has revealed just how shallow its competitive moat is.
Whatever the value there is in Blue Apron's service, which, really, up until a couple of months ago was considered somewhat substantial, from an investment perspective there doesn't look to be much there anymore.
Image source: Blue Apron.
Source: Fool.com
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