Why Is Everyone Talking About Beyond Meat?
Beyond Meat (NASDAQ: BYND) sells meat alternatives, a niche of the food space that's garnered a lot of attention over the past few years. You can get fake burgers, fake chicken, and fake meatballs. But there's one thing that Beyond Meat hasn't offered: profits.
With inflation on the rise, investors are starting to talk a little more seriously about Beyond Meat's downside. There's plenty of room to fall if you compare it to its peers.
Beyond Meat held its initial public offering (IPO) in May 2019, so it is a fairly young company. It hasn't earned a full-year profit yet. On the one hand, it isn't surprising for a young start-up that's investing in its business to bleed red ink. On the other hand, Beyond Meat was treated like it was on a quick path to becoming a global food giant when it went public.
Source Fool.com
