This stock will soon be on its knees. And then we see double-digit and probably even single-digit stock prices. There are far too many and far too strong competitors. The market is growing, but the products of beyond Meat are worthless, because they have too many ingredients and are processed too much. Vegans pay attention to what they eat. You do not want a messed dog food.
It took Beyond Meat 10 years to make a good burger. It is illusory to think that they are now producing one great product after another. And where is your advantage over your competitors?
All this is currently only due to the hype. and it will stop. And then the house of cards collapses. A company that makes a chemistry burger should be worth more than the Kellogg's empire? Haha
I agree with the hype, but the following is too strong...I thought it was overvalued at $60, but now it's around $200...crazy man.