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"Its stock has slumped nearly 83 percent in the past year. Sales, which the company had expected to rise as much as 33 percent this year, are now likely to show

"Its stock has slumped nearly 83 percent in the past year. Sales, which the company had expected to rise as much as 33 percent this year, are now likely to show only minor growth." So they still showed growth, the stock just crashed; and the others in the segment who don't have to report numbers are doing better. Just sounds like a discounted stock to me.

juujian 4y ago
That, or it had previously been overvalued. The company was very hyped for a while.
- walrus01 4y ago
  We can't really say that anybody should be shocked to see irrational exuberance and hype of the stock value of a freshly IPOed tech company in the post-2010 economy, after things recovered from the 2008 financial crisis.
aeyes 4y ago
Not really, if you look at the last 2 years their revenue has been flat and their cost exploded. This stock doesn't look discounted at all, they don't make any money and don't have any growth. I haven't checked their strategy to turn this around but just from the financials I'd say the stock is about where it should be.
jsemrau 4y ago
Is there really a market for that product? I tried their burger patty and couldn't finish. Might be personal taste, but it just didn't work for me. https://app.finclout.io/t/kRPQyAo https://app.finclout.io/t/kRPQyAo
- Flipflip79 4y ago
  It’s not “might”. It literally is personal taste.
- kuschku 4y ago
  There is such a large market for this that one of Germany's largest meat processing companies, Rügenwalder, is heavily pivoting towards vegetarian products, and now makes more money with vegetarian meat replacements than with actual meat. And they're not even the largest seller of meat replacements in the country. The market is huge, but it's quite literally a matter of taste.
nemo44x 4y ago
Have you even looked at their costs?! They’re losing so much money and much more than ever before. They’re playing the growth game but they don’t have software margins. It’s trouble.
RC_ITR 4y ago
Be careful with this logic. Even at this 'discount' their market cap is 2x their revenue, which doesn't sound so bad until you compare it to someone like Tyson foods who has a market cap that is 0.5x their revenue. Given BYND isn't growing much and its got a bad cost structure, it's still 'expensive,' just less so than before.
terminal_d 4y ago
Sounds like it was pushed hard and still is.

juujian 4y ago

That, or it had previously been overvalued. The company was very hyped for a while.

walrus01 4y ago
We can't really say that anybody should be shocked to see irrational exuberance and hype of the stock value of a freshly IPOed tech company in the post-2010 economy, after things recovered from the 2008 financial crisis.

aeyes 4y ago

Not really, if you look at the last 2 years their revenue has been flat and their cost exploded. This stock doesn't look discounted at all, they don't make any money and don't have any growth. I haven't checked their strategy to turn this around but just from the financials I'd say the stock is about where it should be.

jsemrau 4y ago

Is there really a market for that product? I tried their burger patty and couldn't finish. Might be personal taste, but it just didn't work for me. https://app.finclout.io/t/kRPQyAo https://app.finclout.io/t/kRPQyAo

Flipflip79 4y ago
It’s not “might”. It literally is personal taste.
kuschku 4y ago
There is such a large market for this that one of Germany's largest meat processing companies, Rügenwalder, is heavily pivoting towards vegetarian products, and now makes more money with vegetarian meat replacements than with actual meat. And they're not even the largest seller of meat replacements in the country. The market is huge, but it's quite literally a matter of taste.

nemo44x 4y ago

Have you even looked at their costs?! They’re losing so much money and much more than ever before. They’re playing the growth game but they don’t have software margins. It’s trouble.

RC_ITR 4y ago

Be careful with this logic. Even at this 'discount' their market cap is 2x their revenue, which doesn't sound so bad until you compare it to someone like Tyson foods who has a market cap that is 0.5x their revenue. Given BYND isn't growing much and its got a bad cost structure, it's still 'expensive,' just less so than before.

terminal_d 4y ago

Sounds like it was pushed hard and still is.