$Beyond Meat, Inc.(BYND)$ Plant-based food is not a trend, and it’s not actually in decline. It’s simply stabilising after a skyrocket. Which looks like decline when you’ve previously been looking at a near vertical line on a graph. Beyond Meat as a company has been loosing money for years, so why did I choose to invest in them ?
Because they have reached a critical point in the turn around effort. They have changed the product line. They cut costs, but still have a good research and development team, and the ability to upscale as the price of meat goes higher around the world. They have some really good new food offerings that got sold out quickly due to demand, and cash flow to keep momentum.
It's a risky investment for sure, but let's see how it plays out leading up to Xmas.
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