If there’s one place you would think the coolest, hippest, newest “thing” would get swarms of attention, it’s the Palo Alto Whole Foods. I visit there two or three times a week, and it occurred to me I never saw the darling of the stock market (for a while, at least) Beyond Meat. I finally found it hiding in the same obscure section as Miso and Kimchi. Here’s my photo:
Liquidity moves markets!Follow the money. Find the profits!
There was literally the entire inventory. Three lonely, squished packages tucked away in a forgotten corner of the refrigerated section. I suspect a month ago these three fellas were still in there.
In any case, BYND seems to be sputtering. Based on little more than my three-second glance at my local Whole Foods, I’ve got a sneaking suspicion the $8.4 billion valuation of this company is a bit rich.
Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.