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Comment Reverse Stock Split Makes These Numbers Even Worse (Score 5, Informative) 158

From the summary - "Stock-market playing rubes, who bought in when Blue Apron went public at $11 a share, have lost more than 80% on their investment -- and that represents a recovery. Shares were trading for $3.60 at the close on Wednesday, up from 2018 when Blue Apron was worth less than a dollar."

This is actually much worse than it appears based on the numbers. The $3.60 share price is after a reverse stock split converting 15 shares to 1 share. So, that $11 a share IPO price is really worth 24 cents today, not $3.60, when you factor in the reverse split.

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I've never been canoeing before, but I imagine there must be just a few simple heuristics you have to remember... Yes, don't fall out, and don't hit rocks.

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