By Aaron Back Oct. 28, 2019 5:56 pm ET Beyond Meat BYND 4.56% on Monday reported what looked like excellent results. But excellent doesn’t cut it for a stock this hyped.
It didn’t help that the company’s full-year revenue guidance, though up from its earlier forecast, still implied a fourth quarter only in line with Wall Street’s expectations, according to JPMorgan Chase analyst Ken Goldman. It would have taken stellar quarterly results to overcome these gravitational forces and Monday’s numbers were merely very good.
Source: News Formal (newsformal.com)
The bar is the same for every company. Fake meat is fake. People see thru it. Beyond Meat will be a memory in 2 years....tops.
....Maybe cuz the market cap is absurd compared to its current reality
Why would anyone want anything to do with such a nasty product, give me meat or veg but passing one off as another is deceptive and odds are rather unhealthy given this product is untested for long term effects.
They spent all that money buying articles in the media.
Never have, never will
$BYND
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