BYND - Beyond Meat: Bird Flu Is Big
2024-05-12 01:13:13 ET
Summary
- Despite challenges, Beyond Meat's total addressable market could expand, especially if a bird flu epidemic impacts US cattle & poultry supplies.
- Strategic efforts to turn around operational costs and market expansion opportunities make Beyond Meat a strong buy in a high-risk, high-reward scenario.
- The potential shift in consumer behavior due to bird flu outbreaks could benefit Beyond Meat by increasing demand for plant-based alternatives.
Investment Thesis
Despite the company’s current challenges including a substantial debt load, operational inefficiencies, and lackluster sales attributed to what I believe to be as poor product-market fit ((PMF)), I believe that Beyond Meat’s ( BYND ) total addressable market ((TAM)) could see significant expansion, particularly under scenarios like a bird flu epidemic impacting US cattle supplies. I am not a consumer myself but such an event could drive some red meat consumers to explore plant-based alternatives, which could boost the company’s market share as it pushes for new, healthier product lines to capture a broader consumer base who have already transitioned or are just beginning to explore health-conscious options?....
Beyond Meat: Bird Flu Is Big