We scour the net for great ideas, so you don't have to
Original Post
Claim this username to collect earnings from this post, and the portfolio!
Apr 28, 2022
general Analysis
[1 min Read]
So you tried a Beyond Burger once and hated it. It's disgusting...whatever...
But have you considered...
(1) Self reported studies show that roughly 10% of Americans over the age of 18 say they don't eat meat. Globally that number is closer to 20%. The plant-based food industry has grown double digits YoY since 2019. The industry has a high ceiling, and Beyond is poised to reap a lot of those benefits if it can continue to position itself well in the market. And speaking of positioning itself well...
(2) Yesterday's "news" should be taken with a grain of salt; McDonald's itself said the article was misconstrued. However, $BYND does in fact have multi-year supply deals with both McDonald's and YUM (Taco Bell), and these companies could decide at any moment to roll out plant-based items on a large scale. And if a restaurant like McDonald's rolls out a large scale offering, then things could get interesting because...(3) $BYND has been relentlessly targeted by short sellers. Go look at the numbers, they're pretty compelling. ~$2.5B cap, only 55M public float, and about 40% short interest (short interest ratio at around 7 days). I know, I know...everyone is looking for the next big short squeeze. I'm not saying this thing is going to be nuclear, but high short interest combined with a rise in stock price is a recipe for rewards. Earnings May 11.
None of this is financial advice, and I am not recommending anything. For those who comment "so puts it is," more power to you!
Positions: Calls listed below, additionally I own about $1K in shares.