GREY:VGFCQ - Post by User
Comment by
PhDtraderon Oct 28, 2021 4:01pm
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Post# 34060525
RE:Reality
RE:RealityThe share price of Beyond Meat is not justified, IMO. Beyond Meats revenue to market cap is about 1 to 15 and earnings have basically stopped increasing. The only reason to buy into such a ratio is if the future looked very bright, and it does not for Beyond Meat.
Very has a similar revenue to market cap but is growing at about 200% per year. The future looks very bright!
I will be watching the November earning in eanest, as I beleive the Q to Q increase will be twice what we have seen to date. But I'm still not entirely convinced. I keep getting in and then getting out. I'd like to find the right sp to stay in, as I what to builda longterm position.
I doubt it's going to get <1, but anything is possible. Let's not forget it IPO'd at $0.25 only about 1 year ago!