2024-03-05 11:00:40 ET
Summary
- Last August, when Beyond Meat reported Q2 2023 earnings, I warned investors of more pain ahead. BYND stock has lost more than a third of its value since then.
- Beyond Meat stock popped following the Q4 earnings release, only to lose ground when the company revealed more dilution may be on the cards.
- I continue to believe that Beyond Meat is a poor investment choice. My bearish stance on the company is based on three main reasons.
- Despite being a bear, I strongly believe investors should avoid shorting Beyond Meat stock.
I have never been a fan of Beyond Meat, Inc. ( BYND ) - the products or the stock. However, I always wanted the company to succeed as I believe Beyond Meat can play a crucial role in transforming the global food industry by finding solutions to long-term threats faced by humanity....
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Beyond Meat: 3 Reasons To Avoid, 1 Reason Not To Short