Tim Knight at Slope of Hope flagged the fauxburger maker last month which we linked in "UPDATED—Beyond Meat: The Thrill Is Gone (BYND)":
I've looked at this stock every day since the end of June [$157ish] and been too chicken* to violate the Prime Directive: "Only short frauds in a bull market, in a bear, short 'em all."
So as I flash on some mournful blues, here's Slope of Hope (I think he's a little bit early):....
....$114.31 -0.67 last
Here's his update:
The Meat-Beating Continues
Every time I pass the Beyond Meat section in Whole Foods – – and remember, this is the liberal, tree-hugging, ganja-smoking, vegan Bay Area!! – – all I hear are crickets and, oddly, tumbleweeds blow by. No one buys this crap. This is starting to be reflected in the price, which I think is heading vastly lower, as I’ve been saying for months....
....CHART
$101.68 last
