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CAG - Beyond Meat: A Reductio Ad Absurdum Valuation
ConAgra Brands Inc.
I've written four articles (1, 2, 3, 4) on Beyond Meat (BYND) arguing that the current price overvalues the company by a factor of more than 4 times. One difficulty in valuing the company however is that its current growth rate is much larger than that of most publicly-traded food companies.
Today, I'd like to address that issue, by engaging in a reductio ad absurdum argument. (Wikipedia succinctly defines this type of argument as one "that attempts to disprove a statement by showing it inevitably leads to