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Maybe, they can't make it taste as good as the real thing
Posted on: February 24, 2022 at 06:33:17 CT
BH O'bonga MU
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Fake Meat Is Bleeding Money
https://www.agweb.com/news/livestock/beef/fake-meat-bleeding-money
"Beyond Meat will release its fourth-quarter earnings on Thursday (Feb. 24), but caution flags were out to investors ahead of the report. Analysts project the quarter's loss per share will more than double. In the third quarter, Beyond Meat's revenue rose 13% year over year to $106.4 million, but net loss was $54.8 million. Shares that traded over $234 in July of 2019 were trading under $48 on Wednesday.
J.P. Morgan stock analyst Ken Goldman called Beyond Meat “the worst performer in our universe in the last year.” That’s because Beyond’s stock price fell 67% in a market that saw a median gain of 13%. Additionally, Goldman said, Beyond fell 15% over the past month, and 10% over the past week.
Garrett Duyck, an analyst for Seeking Alpha, said: “For the past three years (Beyond Meat) has been bleeding cash. The free cash flow per share has yet to be positive and declining margins is taking it lower. R&D expenses are up 78% YoY which is responsible for 50% of the operating loss.”"
https://www.agweb.com/news/livestock/beef/fake-meat-bleeding-money
"Beyond Meat will release its fourth-quarter earnings on Thursday (Feb. 24), but caution flags were out to investors ahead of the report. Analysts project the quarter's loss per share will more than double. In the third quarter, Beyond Meat's revenue rose 13% year over year to $106.4 million, but net loss was $54.8 million. Shares that traded over $234 in July of 2019 were trading under $48 on Wednesday.
J.P. Morgan stock analyst Ken Goldman called Beyond Meat “the worst performer in our universe in the last year.” That’s because Beyond’s stock price fell 67% in a market that saw a median gain of 13%. Additionally, Goldman said, Beyond fell 15% over the past month, and 10% over the past week.
Garrett Duyck, an analyst for Seeking Alpha, said: “For the past three years (Beyond Meat) has been bleeding cash. The free cash flow per share has yet to be positive and declining margins is taking it lower. R&D expenses are up 78% YoY which is responsible for 50% of the operating loss.”"
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Maybe, they can't make it taste as good as the real thing - BH O'bonga MU - 2/24 06:33:17