This Plant-based Meat Company Is Taking the Market by Storm

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Beyond Meat, a recent development by Ethan Brown is taking the market by storm amidst the scares of COVID-19. It has risen 465% since its IPO in 2019. Beyond Meat is an alternative to real meat, but ut tastes the exact same! There have been proven health benefits for eating a plant based burger over a meat one. It also offers the same amount of protein, appealing to vegans and animal rights activists all over the world. 

According to Todd Gordon, managing director at Ascent Wealth Partners, said there could be even more runway ahead. “There’s been reports of a 10% reduction in beef processing nationwide and a 20% reduction in pork processing” in light of the coronavirus-driven economic slowdown, Gordon said. 

Due to the large redcution in pork and beef production, Beyond Meat is expected to be more prevalent in stores. Gordon expects to see a very strong move upward in light of the situation. Initally, they fell due to the COVID-19 virus, but then found their way back up once they realized the decrease in beef/pork production. 

However, July was the all-time high for the share value, but that ended up going down. However, on May 20th, the price went up 4%. In my opinion, this is only a sign of good things to come.

FINAL TAKE: Buy and Hold Beyond Meat (BYND)

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