Beyond Meat Stock’s 37% Drop Is Only the Beginning…
September 10, 2019
The market seems to be turning against Beyond Meat (NASDAQ:BYND), which until recently was everyone's market darling. Now, sentiment may be going against the faux-meat maker, and as of this writing, the stock has tumbled 37% since it almost hit $235 per share at the end of July.
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The market may not be so big
An analyst at D.A. Davidson recently downgraded Beyond Meat with a price target of $130, because he says the fake-meat market's potential is overhyped. Where people with medical conditions like lactose intolerance might have to drink plant-based milk alternatives -- a market that's often used to size up plant-based meat's possibilities -- very few people can't eat meat. Rather, they choose not to.As a result, the analyst says this market is about half that of plant-based "milk," and he sees fewer people regularly buying meat alternatives than milk alternatives. Its higher price also makes frequent repeat purchases less likely.
There's also the problem of competition... Nestle, Tyson Foods, ConAgra, Kellogg, Hormel, Kroger...
The Trayvon Hoax That Divided America Is About to Be Exposed…
September 10, 2019
On Monday. September 16, Joel Gilbert will preview his new documentary, “The Trayvon Hoax,” in the 500-seat Ballroom of the National Press Club in Washington, D.C... In the course of his relentless research into the shooting and subsequent trial, I can say without risk of overstatement that he has unearthed a legal fraud the likes of which I know no parallel. Not only has Gilbert discovered it, but he has also proved it six ways from Sunday, including DNA and handwriting analysis.
If I were Trayvon Martin’s parents or his family’s attorneys, I would be very nervous right now. If I were Florida state attorneys who prosecuted the case, I would be more nervous still. And if I were the media who covered this case — are you listening Matt Gutman and Lisa Bloom? — I would prepare to be mortified. The coverage of this case was a disgrace from day one...