K - Beyond Meat: No Longer The Only Plant-Based Food Pure Play
I have written a number of articles on Beyond Meat (BYND) typically arguing that despite the company's good execution, its stock price is substantially over-valued. Moreover, I've cited the primary reason for the stock's premium valuation is that BYND represents the only publicly traded company that allows investors to play the plant protein trend directly, i.e. as a stock "pure play". Pure play here designates a company which has no other activities, if plant-based foods take off, the company is certain to benefit. It's in contrast to large companies like Nestlé (OTCPK:NSRGF