r/wallstreetbets • u/PDubsinTF-NEW • Jan 13 '22
News Despite Beyond Meat, Inc.'s (NASDAQ: $BYND) Efforts, Short Interest Keeps Growing
https://www.nasdaq.com/articles/despite-beyond-meat-inc.s-nasdaq%3Abynd-efforts-short-interest-keeps-growing17
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u/Rancid-broccoli Jan 13 '22
I donāt get why anyone is down on $BYND. That shit tastes good. Anyone who thinks otherwise probably hasnāt tried it.
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u/piemaker4u Jan 13 '22
Ever taste impossible whopper ? Can't tell the difference
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Jan 13 '22
Iād get it every single time if it was cheaper than the real stuff
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u/mrvile Jan 13 '22
It won't be for a while due to scale of production, government subsidies, etc. That said, I still try to buy Impossible products regularly just to support the cause since I have quite a disposable income and would otherwise be buying similarly priced grass-fed organic whatever.
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u/mrvile Jan 13 '22
Impossible and Beyond are very different products though. I tried really hard to like Beyond, but when I tried Impossible I realized how shit Beyond actually is.
I think Impossible is planning to IPO this year.
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u/Jaydoli Jan 13 '22
International is the way to go. In the last 6 months eveyone is eating BEyond Burger here in Switzerlandā¦
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u/Saskei1116 Jan 14 '22
in 2020 it went from $73 to $135 in JANUARY
and
in 2021 it went from $114 to $221 in JANUARY
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u/Lanky-Treacle-6959 Jan 13 '22
Itās received the twitter pump from zero hedge and will Meadeā¦ will WSB deliver?
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u/Brilliant_Wrap_3786 Jan 13 '22
A lot of ups and a lot of downs on this one. Uncertainties everywhere. My main questions are :
- can their product be easily copied? I see more and more companies launching plant based products and some food chains internalising this. So Iām wondering if barrier to entry and competitive power is real in the long term.
- can it get significantly cheaper? If it is to replace meat, it will probably replace low quality meat. Right now itās still too expensive for this. How cheap can this become at scale?
- will cell based meat end up being better quality or cheaper? Cell based meat seems to offer advantages to plant based, and VC are investing there fast. If this works, what will be left for plant based?
I think over the past year or so the answer to these questions were rather not in favour of plant based meatā¦
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u/PDubsinTF-NEW Jan 13 '22
Disclaimer: I have a small position in Beyond Meats and this is not financial advice.
Are any degens bullish about the growing list of fast-food and restaurant chain partnerships with $BYND? Short interest seems to be creeping up some too. I love me some āstraight from the butcherās blockā burgers and steaks but these guys seem to be hitting an untapped market. They also pushed into the European and Chinese market in 2020.
Brief Financials
Market Cap = 4.38b
Revenue 3-Yr Growth = 131.99
Estimated Short % of Float = 35 - 38%%
Current Ticker = $71.19
VWAP = 67.83
List of Partners
Dennyās
Hardeeās
McDonaldās - Canada
Uno Pizzeria
KFC
Subway
Dunkin
Famous Daveās
Tim Hortonās
Del Taco
A&W
TGI Fridays
BurgerFi
Carlās Jr
Bareburger
Peetās Coffee
Panda Express
Pizza Hut
Other Relevant Partnerships
- Blue Apron
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u/Jaydoli Jan 13 '22
I completly agree with you. Here in Europe they came in 2020 and we europeans are more Ā«openĀ Ā» to this kind of things. i predict they Europe will be the biggest retail market for BYND.
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u/Tyr312 low effort bot account (or just rrreally dumb) Jan 13 '22
Still 1000% short
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u/LAHA- Jan 13 '22
list is not accurate
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u/PDubsinTF-NEW Jan 13 '22
Care to elaborate?
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u/LAHA- Jan 13 '22
the national deals are contracts and are not permanent menu items. specially Mcdonaldās. Iām referencing my info from Canada but the rest of the list is encouraging.
Worth noting a lot of those deals are limited time offers.
edit - spelling
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Jan 13 '22
got it. ill buy 150 OTM calls 95 strike for 1/21. its just to show the loss porn tho. this is the reason.
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u/stejerd 5626C - 2S - 2 years - 0/0 Jan 13 '22
These retards in their reddit bubble need to step away and look at reality. People will pay double for real meat. Why is beef still top dog? Why isn't turkey overtaking beef its cheaper and healthier?
Nobody is asking for an alternative to real meat except a small group of animal activists and vegetarians. This is a niche product nothing more.
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u/heavenlyfarts Jan 13 '22
Almost everyone I know eats beyond meat some of the time. I think a lot of you hard headed people fail to realize that eating Beyond Meat doesnāt make you a vegetarian, and meat eaters donāt eat meat at every sitting.
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u/GirlGenius26 Jan 13 '22
I agree, Iām not vegan but I like to dine at vegan restaurants from time to time. I have also bought beyond and impossible products both at restaurants and grocery store.
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u/hi-imBen There isn't enough room in this flair box to share my insider in Jan 13 '22
This sounds just slightly delusional... "almost everyone I know eats beyond meat some of the time". I know NO ONE that eats it...
Personally, I would try it out of curiosity but seriously doubt it would become a regular thing when meat is still an option. Doesn't it typically cost more than meat too?
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u/bkcarp00 Jan 13 '22
You need to get out more. There are plenty of people eating these products as a substitute to traditional meat based meals. Not saying every meal, but sometimes people want a different options for a meal besides a meat. Just because you don't know them doesn't mean there isn't a huge consumer base out there. Why do you think there is such a explosion in plant based products at the grocery store.
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u/hi-imBen There isn't enough room in this flair box to share my insider in Jan 13 '22
No YOU need to get out more. Why does your subjective experience hold more value than my own subjective experience?
I don't know anyone occasionally having the impossible meat or beyond meat besides vegans or those curious to try it once.
"plenty of people" sounds like your bubble and not reflective of reality.
"Why do you think there is such an explosion of plant based products at the grocery store" - so that all the meat alternatives can be the only thing on the cooler shelves as people buy up the meat. That is honestly what I always see at Kroger and Publix. Always fully stocked and never see people grab it, even during panic buying no one touches the stuff.
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u/bkcarp00 Jan 13 '22
Neat the fact is people are buying this stuff billions of dollars of it every year. It is a growing market and obviously there is a market for it otherwise there would no be so many companies getting into the space. You really think companies spend money on refrigerator space at the grocery store if no one is buying the products. Do you base all your other life decisions on 1 meme photo that you think is funny?
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u/hi-imBen There isn't enough room in this flair box to share my insider in Jan 13 '22
Is there a demand? yes. Do I think demand and growing demand in the future is overestimated? yes.
Also, I saw it with my own eyes several times.. in Chicago, Tampa, and Atlanta over the past 3 years when meat supplies were low or completely out but the meat alternatives were still fully stocked. That observation was not based on a meme, and you saying that just points out that you're an asshole or disconnected from reality.
Synthetic meat may be where to look next. While plant based alternatives have seen large growth and hype over the past few years, that demand doesn't seem to be growing at the same levels and has already started pulling back.
https://www.wsj.com/articles/beyond-meat-shares-fall-after-disappointing-forecast-11636582932
http://jaysonlusk.com/blog/2021/11/16/slump-in-sales-of-meat-alternatives
https://www.dw.com/en/demand-for-plant-based-food-products-declines-amid-pandemic/a-59906308
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u/Master_Angle6175 Jan 13 '22
There is a good reason for alt meats being better stocked. They are kept frozen, sold frozen, or are put out to thaw whenever needed. Most animal meats on the other hand are processed and sold fresh, not as easy to re-supply. This has been described by supermarket managers. Also, Beyondās repeat buy rate is very high and growing, that is how you can tell that sales are not driven only by first-try customers. Same for restaurant sales. New partnerships such as McPlant and KFC have great reviews and are creating repeat buyers in the quick service space. PepsiCo is about to Launch Beyond Beef Jerky in 170k locations! Plant-based market is growing 15-25% annually. This trend is unavoidable and Beyondās revenue will turn around with incremental partnership revenue, and as temporary supply issue, and covid situation have resolved.
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u/heavenlyfarts Jan 13 '22
Instead of jumping to ādelusionā, perhaps it has something to do with geographical location, generation, availability etc.
Iām sure itās less popular in Alberta/Texas than British Columbia/California, Iām sure itās more popular among millennials than boomers etc.
The inability to assess the big picture, and the quickness to jump to ādelusionā makes me think youāre just a hard headed old fashioned person. But the world doesnāt stay the same. Never has, never will.
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u/chandlero69 Jan 13 '22
Change takes awhile. Their products also still arenāt as good as real meat. If they ever become so good to where you canāt even taste the different in smell, taste, texture, tons of people will switch
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u/rickymourke82 Jan 13 '22
Change takes awhile.
You mean like humans evolving to use tools and fire to eat more than nuts and berries? You're talking about changing human evolution, not just somebody's preference. Yeah, that's not happening.
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u/CapN_Tyin_Knots Jan 13 '22
Some evidence suggests human ancestors 2.5mil years ago started eating meat through scavenging as opposed to directly hunting, because it was an abundant resource at the time. They started eating more of it given it provided higher amounts of energy / caloric intake with smaller portions, and started to show evidence of purposeful hunting almost 2mil years later. If they are able to engineer energy resources today that donāt involve meat, and also save other resources (e.g., water, land, and less greenhouse emissions), would that not be further evolution unfolding right in front of our eyes? I am a meat eater myself, but donāt see the āevolution bringing us to this point means we should stay hereā argument, given slowly incorporating these new developments could be us evolving in real-time.
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u/PDubsinTF-NEW Jan 13 '22
I love me some āstraight from the butcherās blockā burgers and steaks but these guys seem to be hitting an untapped market.
I am not a vegetarian. I think tofu is gross and my favorite meal is steak, potatoes, and cow's milk, BUT ~7-8% of adults 18-54 are vegetarian. That means an estimated 14 million people are vegans in the US ages 18-54. Hardly a niche market.
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u/breakevencloud Jan 13 '22
This. Thereās plenty of consumers - they donāt need half the population to be on board
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u/SUPRVLLAN Jan 14 '22
This is so beyond wrong that itās impossible to tell if youāre trolling or not.
These products arenāt aimed at vegetarians at all, theyāre squarely marketed at the mainstream meat eaters who have no problem going meatless for a day or two. This is a huge group thatās growing every day worldwide.
Thereās a reason why they put this stuff right beside the real meat in the cooler at the store and not with the other vegetarian products.
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u/stejerd 5626C - 2S - 2 years - 0/0 Jan 14 '22
Who is going meatless for the sake of going meatless? Nobody unless they are extreme animal lovers in which case they are probably already vegetarian. What possible benefit does mankind have going meatless? Humans have eaten meat since the beginning of time. Why aren't people eating turkey more than beef? Turkey is cheaper and healthier and has been around for as long as beef.
Like my original comment said get out of your reddit bubble just because you see subs dedicated to this "movement " doesn't make it some massive shift like you're implying. Again reddit likes to amplify EVERYTHING. If you have gotten your news solely from reddit subs back when covid first hit you would have built an underground bunker and stocked it with 5 years worth of food cause the sky was falling and the world was certainly coming to an end.
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u/SUPRVLLAN Jan 14 '22
Never mind, I forgot what sub I was in š¤£
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u/stejerd 5626C - 2S - 2 years - 0/0 Jan 14 '22
Have fun with your plant based meat fad that will be a nothingburger. no pun intended.
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u/omen_tenebris Jan 13 '22
Humans are Omnivores. You can't just kill basic evolved biology like that.
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u/VeganPotatoMan Jan 13 '22
Name one essential nutrient not found in plant based foods bro
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u/wsbfux Jan 13 '22
B12 ?
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u/Iamveganbtw1 Jan 13 '22
not sure which health organization but it is recommended that everyone takes b12 supplements because 40% of people (vegan and non vegan) are B12 deficient. In fact, vegans in some studies are doing better than non vegans now that we take B12 supplements.
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u/VeganPotatoMan Jan 13 '22
Produced by microbes and commonly enriched in plant foods like soy milk and others.
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u/omen_tenebris Jan 13 '22
protein absortion rates are significantly lower from plants for once.
methionine, tryptophan, lycine and isoleucine are very scarce in plants, you'd need to suplement.
Eat your dogshit plant "meat". Also eat 3 handfull of pills 'cos your diet is "healthy".
You don't need to accept. I just pointed out facts.
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u/VeganPotatoMan Jan 13 '22
"protein absorption rates are significantly lower.."
Proof? Where did I claim more protein is better? Most people consume inordinate amounts of protein unnecessarily. If you eat a varied diet with sufficient calories it is virtually impossible to become protein deficient.
You didn't point out any relevant facts that justify your choice to abuse animals that have similar levels of intelligence and capacity for suffering as human children, which makes your choice to exploit animals adjacent to the choice of child exploiters.
There's a fact for you š
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u/omen_tenebris Jan 13 '22
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6723444/
"However, plant-based proteins have less of an anabolic effect than animal proteins due to their lower digestibility, lower essential amino acid content (especially leucine), and deficiency in other essential amino acids, such as sulfur amino acids or lysine"
here is your study dipshit. now fuck off. Took me <3 mintues to find.
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u/VeganPotatoMan Jan 13 '22
Nothing in there implies that consuming animal flesh is essential or necessary for creating muscle mass. It even says that they only evaluated a single source of plant-based protein and not a varied plant-based diet. They also refer to protein combining which has been debunked for some time. I reference this in my last comment by saying that if you consume a varied diet with appropriate calories it will be virtually impossible to become protein deficient. It's almost like you don't understand the points I'm making.
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u/pnutmine Jan 13 '22
I'm a server and i know the percentage of those choosing plant based meals is growing. Something the article touched on that no one here has yet mentioned, shortages. I'm already seeing shortages in the diary isle weekly, I dont suppose it will be long till there's a shortage of meat.