here on tradingview.com in Mid May, soon after the companies
initial public offering, and the stock was up 300% from it's initial offering price
This week,on Thursday after the close,
Beyond Meat , the plant based meat company now taking the world by storm
released their first quarterly since going public, and with expectations sky high,
they easily blew past consensus expectations bottom line and forward guidance,
The result.. get this..
In trading on Friday,
Beyond Meat opened for trading at 130
rising almost 40 %, in one single trading day, to close at 138.65
Had you been so fortunate to own just 100 shares of Beyond Meat ,
at the close of business on Thursday then worth $10,000
your 100 shares would be worth nearly $14,000 ...overnight,
a short term return of nearly $4000.. in just one single trading day !
I am usually extremely skeptical,
of any new issue parabolic growth stocks
that seem to take off into the stratosphere
but this one has caught my full attention.
As the world looks for safer/healthier food alternatives to put into our bodies
that do not directly cause cancer, and heart disease,
Beyond Meat is on the cutting edge of that frontier, with a beef alternative
made from plant,that tastes as good,if not better,than any real beef product found.
They say if you want to own just one stock.. for the long term,
then find a very compelling story and business model you believe in
and then simply invest the farm in it,
knowing full well the risks associated
with this type of investment strategy.
I am that kind of investor and believer
in Beyond Meat Inc . ( BYND )
and will have more to say about this companies growth prospects,
in future followup articles,here on tradingview.com
BYND Last 138.65