That is a hefty downgrade - target price from $70 to $37:- https://www.marketwatch.com/story/w...ak-new-years-resolution-enrollment-2019-01-11 Should we be expecting a profits warning from the company - the share price performance of late suggests we should. There will be a time to buy just not sure when.
Doesnt look like this one has bottomed out yet - wonder what is going on behind the scenes to prompt such a slump in the share price. I am sure Oprah could buy the whole company now
Still no support for the shares and the recent downgrade has not helped. If I didnt know better I would say there was a huge seller selling down their holding but who would be selling in big volume at this price. Doesnt make sense - any ideas? Is Oprah selling up or is she locked in?
"Blue Apron Surges 22%, Back Above $1 a Share, After Partnering With Weight Watchers" http://fortune.com/2018/12/28/blue-apron-stock-weight-watchers/ Maybe this is the kind of company WTW should be buying out to grow the business?
This share price movement smells very fishy to me - its gone from being the stockmarket darling at $100 a share to bombed out in the $30s. Just doesnt stack up to me?
@longtermbull agree & was totally shocked to see it this low after being away - unreal! BUT might wanna keep on radar for reversal - partnership with Khols announced i think yesterday or maybe the day before + have been seeing some new O commercials.
Hi @fireopal Unless there is something seriously wrong with the company and its finances, surely this is getting towards takeover levels? Nice cheeky bid?
@gowiththeflow Don't remember when O's contract is up but believe i read that her pulling back and focusing on other things is the cause for the decline here and if true then, they are going to have a very hard time finding a replacement that will drive this stock back up to the levels it was reaching before her first sale and ventures into other things imo.
The fall may well be overdone - then again I think (from memory) the shares were circa $12 before she joined. She has added a hell of a lot of value along the way! Surely once she steps back those contacts and changes she helped introduce cant just disappear overnight?
The shares really are in a bad bad downturn - just when you think the worst is over they take another lurch down. Oh how the mighty have fallen!
