If You Own Beyond Meat Stock, It's Time to Sell
No, Beyond Meat (NASDAQ: BYND) is not one of the worst performers this year. Actually, shares have rebounded over 200% from their March low and are up 149% year to date as of this writing. The maker of plant-based meat alternatives has been rapidly expanding internationally, and revenue grew by double-digit percentages, even during the early stages of the coronavirus pandemic when economic activity was at its most constrained.
In spite of this, I favor selling the shares. Why? Let's take a closer look at Beyond Meat today and the main challenge that could weigh on its growth -- and its stock price -- in the future.
Source Fool.com
