BYND IPO BUBBLE?
Fundamentals:
Beyond Meat generated $30 million in losses just last year on
revenue of $88 million, and it will need to continue investing
in its operations in the near future. (The IPO raised about
$1.5 billion for the company at the IPO's $25 a share price.
Overvauled and in a bubble??
Now valued at about $5 billion based on investors' faith that
the alternative meat market will boom, this is not a good enough
reason to sustain these levels much longer. Careful if you go short
this stock can stay irrational longer than you can stay solvent.
Beyond Meat generated $30 million in losses just last year on
revenue of $88 million, and it will need to continue investing
in its operations in the near future. (The IPO raised about
$1.5 billion for the company at the IPO's $25 a share price.
Overvauled and in a bubble??
Now valued at about $5 billion based on investors' faith that
the alternative meat market will boom, this is not a good enough
reason to sustain these levels much longer. Careful if you go short
this stock can stay irrational longer than you can stay solvent.
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