Beyond Meat closed at 65.75 today after a $25 IPO

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NorthCascades
NorthCascades Posts: 10,968 Member
edited May 2019 in Health and Weight Loss
The best initial public offering of 2019.

:smile:

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  • PAPYRUS3
    PAPYRUS3 Posts: 13,259 Member
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    It surged 163% in the best IPO today....go veg go!
  • saintor1
    saintor1 Posts: 376 Member
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    Way too much marketing $ to cover. In Canada, they want $CA8 + tx for two patties. No, thanks.
  • SuzySunshine99
    SuzySunshine99 Posts: 2,987 Member
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    You think that's pricey...check out lab-grown meat...$50-100 per pound.
    https://www.chicagotribune.com/business/ct-biz-lab-grown-meat-supermarket-20190307-story.html

    If it got cheaper, I wonder what would be preferred...plant-based "fake" meat...or animal cells grown in a lab to make "real" meat without slaughtering animals?
  • JohnnytotheB
    JohnnytotheB Posts: 361 Member
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    Up again yesterday after an upgrade.
  • Noreenmarie1234
    Noreenmarie1234 Posts: 7,492 Member
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    Up again yesterday after an upgrade.

    I am sure it will increase as soon as it rolls out in BK nationwide and chick fila etc all launch because people will be buying it to try. Excellent opportunity to invest when it was low a few weeks ago and then sell when it reaches that high. (Because who knows if it will last long term)
  • pzarnosky
    pzarnosky Posts: 256 Member
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    You think that's pricey...check out lab-grown meat...$50-100 per pound.
    https://www.chicagotribune.com/business/ct-biz-lab-grown-meat-supermarket-20190307-story.html

    If it got cheaper, I wonder what would be preferred...plant-based "fake" meat...or animal cells grown in a lab to make "real" meat without slaughtering animals?

    I listened to a podcast with one of the leaders behind clean (lab) meat. They acknowledge the cost is prohibitory at this point but their goal is that within 5-6 years they'd like it on store shelves for cheaper than the cheapest meat available. He discussed the issues surrounding the clean meat movement and what they're doing to work through them. It was very informative! Podcast is linked below for anyone interested.

    https://www.richroll.com/podcast/bruce-friedrich-402/
  • Azdak
    Azdak Posts: 8,281 Member
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    This is the stock market equivalent of “I just started a new diet and lost 10lb in the first week”.

    And then there is this: https://seekingalpha.com/article/4261728-beyond-meat-unhealthy-heart-portfolio
  • MikePTY
    MikePTY Posts: 3,814 Member
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    Azdak wrote: »
    This is the stock market equivalent of “I just started a new diet and lost 10lb in the first week”.

    And then there is this: https://seekingalpha.com/article/4261728-beyond-meat-unhealthy-heart-portfolio

    It's "interesting" that an article that accuses Beyond Meat of being misleading would be so misleading itself in its own comparison. The article uses an unrealistic nutritional profile of beef to make the argument that "real beef" is lower fat higher protein, without specifying what fat percentage of beef they are looking at. As far as I can tell (they don't specify so I have to take some guess work), they are using "cooked" beef burger weight of a lean ground beef and comparing it to uncooked beyond meat weight. However when you are talking about a burger, it is much more likely to be made with a higher fat cut to get the juicy taste of the burger. This is certainly true in restaurants, where Beyond Meat is being offered more and more as an option.

    80/20 ground beef, which is a pretty standard burger ground beef, has 22.5 grams of fat, 8.5 grams of saturated fat, and 19 grams of protein, compared to 19 grams of fat, 5 grams of saturated fat, and 20 grams of protein for a Beyond Meat burger. So the Beyond Meat burger compares favorably (albeit slightly) to a traditional ground beef. If you look at 70/30 beef, which you will also find used as a burger beef, you'll get 34 grams of fat, 13 grams of saturated fat, and 16 grams of protein. Beyond Meat rates significantly favorably compared to this cut of ground beef.

    So yes, a Beyond Meat burger may not stack up quite as well to a lean ground beef, that is probably not the type of beef being used most often in beef burgers. So for this article to try to pass off a misleading nutritional profile of beef to try to prove its point makes me belive it is agenda driven and not really interested in actual analysis.