Cattle Prod This Unicorn: Beyond Meat’s Stock Will Kill Your Portfolio

2019-6-7 04:30

By CCN: In yet another example of the ongoing irrational exuberance in the stock market, Beyond Meat soared 15% in after-hours trading to $115 after its first post-IPO earnings report. Or rather, its first post-IPO loss report.

Once again, the stock market insists on valuing money-losing businesses in the billions of dollars. Beyond Meat Stock Price Is Beyond Insane The stock market is giving Beyond Meat stock a $5. 7 billion valuation after reporting a mere $40 million in revenue this quarter. Beyond Meat lost $6. 6 million in the quarter and generated negative cash flow of about $2 million. The $5. 7 billion

The post Cattle Prod This Unicorn: Beyond Meat’s Stock Will Kill Your Portfolio appeared first on CCN

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