Originally Posted by
jamesholzhauer
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.
Yes I do, thank you. I considered buying $80 puts when the stock was trading around $100/share. Glad my contracts were priced too low and the orders never executed as I would be swimming in RED right now...