Sale, IMO

IMO (And NFA) We had a A macro storm today that completely drowned out $BYND's phyto pict and new product launch. I think this is why we were pulled down to $10.90. Iran, oil, high treasury yields, fear of rate hikes all resulted in a flight from high beta stocks / companies with a financial profile such as BYND's. While the broader market's flight ruined what should have been a great day for the company, I think it may present a silver lining for patient investors. For long-term holders waiting for a turnaround -or even holding out for an eventual buyout- this plunge on what could have been a green day offers a prime window to DCA at a heavy discount. - presuming we can survive the headwinds the market is fleeing from: tightening capital flows; squeezed consumer spending; energy driven inflation etc. We shall see. I personally bought a few more. Have been waiting for BYND to lean into protein bars since the 'Beyond the bar' trademark and have been hoeing for a protein powder play. That they have also leaned into the mycelium hype, and returned to gluten free options in doing so, makes me happy.

Are we gonna see any rebound at all

been on a downward trend the whole week so wandering if we are due any correction at all (I have a long opened at 20 ☠️)

Compliance regained at closing bell tonight

What do we foresee for next week? It has held 14 support through / past the R/S and has had some expansion news re Immerse being available at Erewhon outlets on the West coast. Has regained compliance. If it was going to drop I would have expected it to do so by now. But, reduced targets announced at earnings. Co. is undoubtedly struggling. EB is back at the helm. Yes, growth in EU (and I think Canada) and partnerships etc but poor performance in US, and high debt (the management of which skewed the earnings data). Before the R/S I was targeting 2-3 by EoY but that was admittedly based on regianing compliance organically in Q2 or 3. Now I am looking at 45 (1.5 pre-split). I have 610 shares. $14.40 avg. I saw anything below 50c pre-split as a sale. Interested to hear thoughts - feels like a lot of CFD shorting going on in the feed (which is fair enough, R/S = kiss of death, usually... I expected this to pop down to 10-12 already and I am a bull!)

Dripping

I don’t know what to do with this one 😂. Let’s see.

Why did I even short on this !@#$😂

Honestly i still don’t know what happened that i decided to short on this “always-falling” stock!!!! The exact hour that I shorted it started rising ridiculously 😂 Am still holding but i just hope this company doesn’t announce any scam related to AI cuz I will be roasted after that 😂😂😂😂😂

Dead Cat Bounce

The "Dead cat bounce" is a term to describe a temporary, short-lived price recovery in a stock that's in a sustained downtrend, followed by the decline resuming. After the RS, BYND's share price jumped to around $15 (after a considerable initial decline) representing an approximate 25% increase on the recent low of approx $12. To me, this is a dead cat bounce and I'll explain why I believe this. 1. The RS created no actual shareholder value, it just consolidated shares to clear Nasdaq's $1 minimum bid rule. 2. The "profit" recently confirmed in their Q2 EPS beat came from a one off gain tied to debt restructuring, not from increasing revenue or profitability. They had to do this because they were in $1.2b of debt, a truly horrific state for the business to be in 3. The underlying business is still deteriorating. Q2 revenue actually fell 8% to $68m, and gross margin dropped to 8% from 11%, both moving the wrong direction. Losses over last 3 years (not factoring in the debt restructuring) are approx $850m. Think about this, $850m in losses over 3 years. Really really awful and explains why they were in $1.2b of debt. 4. Massive dilution as shares outstanding went from 76m to 516m in a year as they restructured their debt, reducing from $1.2B to $250m. But this restructuring is good as they've cleared a lot of debt? No, for shareholders it's terrible. They couldn't clear debt with revenue from the business, so they just massively diluted shareholders and nothing to stop future dilution if debt continues to increase. Also, $250m of debt for a company with $250m (ish) revenue is still pretty terrible. 5. Major analyst consensus very bearish with 0 Buy ratings and consensus sell. Barclays also only analyst (I'm aware of) with forecast after RS and they've cut target to $10. 6. Price to sales is still far too high IMO. CPG sector median PS is 0.85 and that is average. A profitable company would be 1-1.5 PS. BYND is almost at 1 and they are massively unprofitable and drowning in debt and had to do an aggressive RS to avoid getting delisted. Even bulls would have to concede the business is in some trouble. Therefore, a fair PS for company in this position is likely closer to 0.4-0.6. So let's say 0.5x would put market cap at $136m, implying a share price of roughly $7.8. Close to half the current $15. A dead cat bounce typically lasts 1-5 business days and sees an increase of 10-30%. It's therefore my expectation that the downward trend will continue next week. To be clear though, I do not know what will happen. The bulls will say the founder taking over and new drinks products are reasons to be optimistic and the company may turn the corner. I personally believe this is a short-term momentum drive spike and fundamentally the business is overvalued, so I'm proceeding accordingly. NFA.

I’m confused 😂

Why do I very very very clearly remember bynd being under a dollar last month? 😂

Lovely day

Two nice days 😊 Tomorrow could get explosive!

!@#$

When will this !@#$ stock come down?

Im expecting 10-11$

What do you guys think?

Strange

Isn’t it like strange…whenever this goes below the 14.05 price it spikes back up

I sold a lot of shares

The drop is happening now

Order book

Y’all better check it, someone’s fking up with you all

Cooked

Y’all shorters will prolly get cooked

This spread

It's insane that the spread is this large