|From: mflutie1 (Rep: 23)||Date: 02/27/2020 13:59|
|Forum: Beyond Meat - Msg #598||Thread #674126177 (Rec: 0) |
|would NOT want to be reporting a/hb today, but,,,|
handwriting is on the wall for BYND.earnings later
was thinking with Tuesday post with BYND @ $115 that it would go under $100. At this point it's not a major prediction, seems almost certainty. The question now is how far willthe dive be.
Obviously corona effecting all. Wendy's said yesterday "has launched "The Plantiful," a plant-based burger, in Canada . Wendy's created its own recipe for The Plantiful patty, rather than turning to Beyond Meat Inc. (BYND) or Impossible Foods for one of their products."
BYND is a weakened entity. Hopefully world situations don't worsen. Unfortunately that hope seems thin with current news.
If they do can't see folks running out looking for Beyond products when food shopping, and going out for food will get less & less.
past Tuesday post:
one I think will get hit hard is BYND. Earnings Thursday. 2020 revenue guidance is lofty yet when I see their product in markets it is sitting there unbought. And how many kids yell to mom "let's go to McDonald's I want a BEYOND BURGER!"
Had this from $160's & it took 2 months almost to the day to hit $80's previously.
$115 area today looks to be a 'juicy' area to slide from.
But,, I've been wrong before!
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