Normally when a stock is down 50% from its highs and they SMASH earnings and guides up, while profitable, the stock would rally. Not today, not BYND.
Beyond Meat beats by $0.02, beats on revs; guides FY19 revs above consensus; as expected, reports a quarterly profit for first time ever
At around 30x sales, no one gives a shit about BYND until the stock is $50. At $50, investors will get long and wait for growth to kick in, just like what happened with SHAK years ago.
In summary, Le Fly sold his BYND position before the bell not because he was smart or knew anything, but because it made no sense for the stock to be down 50% in a segment of the market that is growing fast. Investor appetite is nil because the hands are weak. The hands are weak because the people who own the stock are poorly educated morons. The smart money is sidelined because they hate the product and the valuation.
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Does this shit really taste like a Porterhouse? Does it smell like burning cow flesh on the grill? Because that’s part of the appeal. Nothing smells as good as some burning cow flesh.
You are correct. It’s red meat that we need, specifically for it’s iron. Suppliments do not deliver the amount and type of iron needed in order to operate at a high level.
You know there is iron in spinach right
Shut up Popeye
Come at me bro
While SPY ATHs may get the attention. Foreign developed and emerging both had some pretty impressive resistance breakthroughs today as well. Could be a bull trap or the start of a really nice move higher in global equities.
Aside from BYND trading aspect… we know how meat will kill us. We don’t know how synthetic meat may kill us.
BYND’s products have been used for years unbeknownst to their hapless morbidly obese customers. BYND was renamed, previously it traded under the symbol SYLNT. They were a prime supplier of the green slime used to make chicken nuggets. SYLNT Soylent Green Inc.’s tagline was “Tastes like chicken!” which won out over “You eat what you are!”
Best non biased recap of what this is; https://www.youtube.com/watch?v=kZvVeSTevkQ
Look at popularity of McDonald’s, junk food in the grocery store, and endless consumption of alcohol and smoke products.
From the ballot box to the grave, collectively Americans are getting what they want and deserve.
Stuff your gut, destroy your lungs, and be angry. Then die. Its the American way.