TSN - Shorting Beyond Meat: Proceed With Caution

Introduction

Beyond Meat (BYND) has skyrocketed, delivering IPO investors amazing returns (Figure 1).

Figure 1: Over 650%

Source: Bloomberg

While an early purchase has been lucrative for anyone who bought early, the question for longs is now how long to hold on. In this article I start by reviewing some excellent prior work by SA contributors on the fundamentals of BYND and its competitive landscape. I then move on to look at its shareholding structure and use this analysis to assess likely moves as we approach IPO share lock-up expirations.

Review of Products

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