[georgefrick]

"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.

[aeyes]

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.

[juujian]

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

[walrus01]

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.

[RC_ITR]

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.

[nemo44x]

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.

[jsemrau]

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

[kuschku]

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.

[Flipflip79]

It’s not “might”. It literally is personal taste.

[terminal_d]

Sounds like it was pushed hard and still is.