Originally Posted by
Tranquility
If there’s a growth company that I’d buy on a dip of 12-ish% is Beyond Meat. THAT company has some REAL growth prospects.... Not to mention many cannabis companies.
Do you know how to establish the value of a company? Do you realize how insane the valuation of BYND is?
Beyond Meat's market cap just passed Campbell Soup...
Campbell Soup:
Founded in 1869
23,000 Employees
$10.5 billion in Revenue
Beyond Meat:
Founded in 2009
383 Employees
$95 million in Revenue
There better be a LOT of growth.
And oh, their product isn’t proprietary, and every other meat and/or food company can/will copy it. It’s fun to watch, but I don’t see justification for a $12+bn market cap...that’s a LOT of hope and not a lot of substance at this stage.