Instacart ( NASDAQ:CART ), the industry giant, announced plans to trim its workforce by 7%, signaling a strategic pivot amidst faltering sales growth. The decision, impacting 250 jobs, underscores the company's commitment to refocusing on what it deems as "promising" ventures while navigating the challenges posed by an uncertain economic climate.
The aftermath of...
watching cart post IPO.
came out at 30, hit 40s, and fizzled.
Now CART sports a new 5% earnings yield, and so does the sp500.
CART is expecting 15% growth, while sp only hints 10% (best case).
here are analyst earnings expectations.
2023 2028 eps
1.24 1.56 1.91 2.27 2.62 2.95
if 2028 eps of 2.95 per share comes true, what...
