While companies like Beyond Meat (BYND) and Impossible Burger are grabbing all the headlines, and investor dollars, there is a better way to play the alternative meat trend.
Beyond Meat shares have soared some 600% since it’s May IPO and now sports a near-$12 billion market capitalization. The company hasn’t yet made a nickel, and trades at a staggering 75 times sales. At that valuation, and with larger food producers such as Tyson Foods Inc. (TSN) moving into the space, it looks very much like a bubble and isn’t a stock I would touch.
But there is no denying the… Continue reading at StockNews.com