Read on Twitter
I was not expecting this, but I do think it is one of the most important things $BYND has ever done. the distribution/scale of a juggernaut like $PEP is nothing to sneeze at https://www.cnbc.com/2021/01/26/beyond-meat-and-pepsico-form-venture-to-make-plant-based-products.html
like all things $BYND news, the market way overreacted lol (no financial terms disclosed / no products / no details????). that said, I've actually begun to feel a lot of consistency wrt market reactions to the stock over the last year or so
I don't really try to predict short term market movements, but I do think there's a big possibility that $BYND has a bad Q4 earnings - I am thinking the product is potentially much more seasonal than anyone realized + continued freezer storage leftover from bump in COVID buying
That said, we could see some surprises in China if/when they announce results of the Beyond Pork there. IMO, China is their most important market - so this is what interests me most
one of the greatest blindspots in the market today is plant-based eating - the science is very very clear here. but we have a long way to go, and I actually do expect there to be a few more jumps in trendy junk science type stuff before we get there (glucose monitors anyone?)lol
I do not plan to sell any of my $BYND for a long, long time - I'm willing to sit through more years of these chaotic jumps
