Beyond Meat: 2024 Is A Pivotal Year For The Company

Studio4/E+ via Getty ImagesLast March, I placed a "Sell" rating on Beyond Meat (NASDAQ:BYND), noting that management greatly misread demand for its product, while more recently I wrote in November that it must dramatically cut costs and right size its manufacturing capacity. Prior to earnings the stock was down more than -50% since my original write-up, but the stock was surging after reporting if Q4 results. Let’s catch up on the name. Company Profile As a refresher, BYND produces plant-based food item ...