You are comparing past performance of MNST and AAPL.
If you assume past performance is indicator of future performance, BYND just IPOs with $25, but jumped 340% in 180 days.
With this, BYND exceeded both MNST and AAPL.
BYND also jumped above 200 (800%) and crashed when founders decided to sell prematurely at $160.
Okay, I am not supporting buying or selling here. Just posted a volatile stock. It is the investor who has to analyze their own, understand the risk and decide what to do.
BTW: Founders who sold included prominent figures
Chief Executive Ethan Brown sold $7.2 million in shares, and Chief Financial Officer Mark Nelson brought in more than $10 million. The Bill and Melinda Gates Foundation Trust planned sold shares valued at almost $25 million, while former General Electric Co. GE, -2.37% Chief Executive Jack Welch sold about $1.5 million in stock and General Mills Inc. GIS, +0.58% cashed out about $2.6 million. Snowboarder Shaun White unfroze nearly $200,000 in shares; professional basketball player Maya Moore scored more than $140,000; and the Humane Society of the United States unleashed more than $4 million in Beyond Meat stock.
Sometimes I have to wonder…
Can future performance of BYND match past performance of MNST? If yes, why? If not, why? If don’t know, why buy? What is the expected return? Over xx timeframe?
You have to evaluate their market sizes. For BYND to truly be huge, it can’t just be for vegetarians and vegans. It truly needs to be a meat substitute. Then the market size is however much ground beef is sold. I’m not sure how that compares to the caffeinated beverage market. Then look at the market cap of the companies.
BYND market cap is ~$5B. Tyson is the biggest chicken supplier and with $30B. Cargill is the biggest supplier of ground beef (lot of other products too) and worth ~$81B (estimate since it’s private). BYND could go 10x if it displaces Cargill. Pretending it’s a tech stock that deserves tech valuation is crazy though. The 28% gross margin is good but not amazing. Food is typically much lower and you can guarantee every food company is developing a competing product.
Their food is crap. They will be replaced by dozens of other better products.
MacDonalds is a better bet.
If you want an over priced food stock buy Chipotle. At least their food is good.
I bought it at 78 in may of last year. now it is at 198. for those of you that don’t know it is a biotech company that makes wearable devices to monitor diabetes, among other things.
Stocks are like that going UP and DOWN depending on fundamentals. That is the nature. Understand that I am not fixing the price of TEVA, but just indicating to the forum likely bottomed.
I had seen with AAPL going down to $142 and coming back to $260 today. Same way, I have seen with SHOP and TSLA. I can give many examples like that.
TEVA is not an exception. If anyone who believes, TEVA is bottomed, they can buy it. Whoever does not trust those, they can ignore.
I believe it is bottomed and bought my shares, that is all.