Beyond Meat: The Bubble Has Burst
We were all in shock and awe when for seemingly no reason Beyond soared to some 240.00. For what though? They continue to post pound for pound increasingly higher losses, despite higher revenues AND essentially, unlimited free marketing from the press.
Only in our current economical bubble (that is bound to burst) can we have a company losing money that has a higher stock value than established companies like Microsoft.
Welcome to the 2019-2020 version of Tilray. Tiilray soared quickly to 300.00 then tanked and is still hovering around 40.00 and cant seem to budge above 50.00 despite the Cannabis sector rebounding relatively strongly as a whole.
I expect Beyond to be around 40-60.00 by November which is in fact, what the stock price should be today. Players like Tyson have posted profit - increasing revenues - and employ many more people and their stock is only NOW near 85.00.
Beyond will soon be a distant memory come Q1 2020 although when it sinks to 40-50.00 and finds bottom resistance, I'll be buying.
- zSplit
Only in our current economical bubble (that is bound to burst) can we have a company losing money that has a higher stock value than established companies like Microsoft.
Welcome to the 2019-2020 version of Tilray. Tiilray soared quickly to 300.00 then tanked and is still hovering around 40.00 and cant seem to budge above 50.00 despite the Cannabis sector rebounding relatively strongly as a whole.
I expect Beyond to be around 40-60.00 by November which is in fact, what the stock price should be today. Players like Tyson have posted profit - increasing revenues - and employ many more people and their stock is only NOW near 85.00.
Beyond will soon be a distant memory come Q1 2020 although when it sinks to 40-50.00 and finds bottom resistance, I'll be buying.
- zSplit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.