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Strategies & Market Trends : Value Investing

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To: richardred who wrote (61767)5/3/2019 10:28:33 AM
From: richardred  Read Replies (3) of 78688
 
RE-BGS looking to add now the earnings disappointment is at hand.

FWIW- IMO When I see a food company like Beyond Meat go public and get the current out of whack market valuation. I have to wonder if that's a wake up call for innovation at the big food companies. The innovation at Green Giant frozen is what BGS needs more of IMO. What I do find interesting is Hershey Foods is bucking the trend. They paid a high price for Pirate Brands and the stock hit a new high just recently.

P.S.
>It also has plenty of fast-growing competitors. In addition to California-based Impossible Foods, meat purveyor Tyson invested in Jerusalem-based Future Meat Technologies and lab-grown meat producer Memphis Meats.

However, Renaissance Capital, which researches IPOs, said investors are likely to look past the risks, as the company is growing quickly. Beyond Meat's net revenue nearly doubled to $87.9 million in 2018 from $32.6 million the prior year.



https://www.cbsnews.com/news/beyond-meat-ipo-gives-veggie-burger-company-a-1-5-billion-market-value-as-meatless-meat-goes-mainstream/
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