Meaters Gonna Meat
It’s not like we didn’t see this coming. Beyond Meat is beyond sad.
Here is a link to the treasure chest of posts we’ve done about BYND.
Search Results for: beyond meat
Meat Not Eaten, Beaten
It should come as a shock to nobody here that Beyond Meat (BYND), which I’ve featured repeatedly as a short idea based on its well-defined topping pattern, is in a free-fall after hours, down 20%. I’ve got a hunch it’ll be even lower tomorrow and much lower still by year’s end.
Spoiled Meat
Well, this has turned out precisely as I predicted.
Back on September 7th, I did a bearish post on Beyond Meat with the lazy title The Meat Will Get Beat. It memorably featured this image:
The Meat-Beating Continues
Every time I pass the Beyond Meat section in Whole Foods – – and remember, this is the liberal, tree-hugging, ganja-smoking, vegan Bay Area!! – – all I hear are crickets and, oddly, tumbleweeds blow by. No one buys this crap. This is starting to be reflected in the price, which I think is heading vastly lower, as I’ve been saying for months.
The Meat Will Get Beat
As I’ve mentioned, I live near the hippy-dippiest grocery store on the planet, which is Whole Foods Palo Alto, the first Whole Foods in the entire state. And, even there, I’ve yet to see a single person buy a Beyond Meat product. So it makes sense to me that the stock BYND looks like it’s ready to head for the grinder.
