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APRN - Beyond Meat Is Dead Meat Also Other Stocks I Hate
Blue Apron Holdings Inc. Class A
Psst, hey, wanna buy BYND shares in a secondary? Um, no thanks
First of all, one should not "hate" a stock, nor "love" any stock. Beyond Meat (BYND) is a great product and the company is growing fantastically. It is placing the product at seemingly every burger and donut chain on the planet.
Last night, as BYND posted the expected fantastic revenue numbers, it also unexpectedly announced a secondary offering of 3 million 250 thousand shares. This makes sense since BYND probably needs the funds to power further growth. Surprisingly (not really), 3