Beyond Meat (BYND)

[investar]

Crazy IPO last week: 25$, now at 70$

Did anyone already eat one of these burgers?

[investar]

I ate one last week, after searching a bit for this hype burger.

My kids did not like the taste.
I found it ok and "get" why they want to compete with real meat, but... the smell of real meat is much better.
And the pricing: double the price of a real burger. I will not buy it again soon.

I deceded not to chase this stock after the first day (60$).
Today at 103$, I am positioned for lower stock prices as I think it is priced "beyond" any reasonable level.
The float is very small though.

Stop 110$ target 80$

[investar]

Hehe that attempt did not last long... stopped out after a few days

BYND was at 201$ today already. madness

[investar]

BYND is one of the few green tickers today, after announcing they move into the China market in collaboration with Starbux:

Starbucks Corporation SBUX is leaving no stone unturned to attract customers in China. The company’s collaboration with Beyond Meat, Inc. BYND to roll out a plant-based lunch menu in the country is a testament to the same.

Now Starbucks customers can enjoy pastas and lasagna made utilizing Beyond Meat's plant-based beef products. It will also include meatless pork alternative known as Omnipork and popular non-dairy milk called Oatley. The new menu will debut at more than 3,300 Starbucks locations in China on Wednesday. Both the companies have already partnered to roll out a plant-based sandwich to Canadian locations.

Starbucks is making every effort to recover from coronavirus-induced shutdown in China. More than 95% of its stores in China are currently operational. However, many are operating with reduced hours and limited seating. In February, China comparable stores sales plunged 78%. However, in March comparable stores sales recovered at a slightly faster pace and the company witnessed a decline of 64%. Moreover, in the last week of March sales declined 42%, representing seventh straight week of sequential improvement.

[behappyalways]

Beyond Meat swings to profit as meat supply chain slammed by coronavirus
https://www.marketwatch.com/story/beyon ... ck_seemore

[behappyalways]

Short-seller Jim Chanos of Kynikos Associates, one of the world's best-known short sellers, maintains bearish bets on the company. He recently said the company is "highly promotional" and puts out press releases "every time the CEO crosses the Street."


Bears Pile Into Beyond Meat, Short Interest Stands At 37%
https://www.zerohedge.com/markets/short ... -stands-37

[behappyalways]

Impossible Foods "Makes Organization Changes" As Fake Meat Fad Rots
https://www.zerohedge.com/markets/impos ... ad-simmers

[behappyalways]

Fake Meat Sales Plummet On High Prices, Woke Messaging
https://www.zerohedge.com/medical/fake- ... -messaging

Short-seller Jim Chanos of Kynikos Associates, one of the world's best-known short sellers, maintains bearish bets on the company. He recently said the company is "highly promotional" and puts out press releases "every time the CEO crosses the Street."


Bears Pile Into Beyond Meat, Short Interest Stands At 37%
https://www.zerohedge.com/markets/short ... -stands-37

[behappyalways]

Now, via internal documents obtained by Bloomberg, come revelations -- with gut-churning photos -- that a Beyond Meat plant in Pennsylvania was plagued earlier this year by mold and Listeria bacteria:

Plant-Based Meat Industry On Edge As Beyond Meat Loses Sizzle
https://www.zerohedge.com/markets/plant ... ses-sizzle

[behappyalways]

Beyond Meat: How the Plant-Based Pioneer Became a Stock Market Loser | What Went Wrong
https://m.youtube.com/watch?v=OvkgSJuGPfY