BYND is the hottest thing in food right now and for many reasons....it tastes like an actual burger. I've never tried their other products but the Beyond Burger is very tasty. The new deal they inked with $NYSE:APRN is very strategic and I believe a true winner for both companies. Yes, I am BULLISH $NYSE:APRN as well and think it will be purchased by
BYND for $500M---5x from current market cap.BYND will own the majority of the vegan meat space because of the strong branding i larger distribution network. Going forward with the $NYSE:APRN deal---
BYND will sell more direct to consumer and get vegan meat to consumers at a cheaper price ---increasing demand and revenue. Grocers mark up the product 100% so this deal will allow BYND to increase margins while selling the product to consumers for cheaper.Thank you for reading,
Best,
A
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.