Beyond Meat soars 163% in biggest-popping U.S. IPO since 2000
marketwatch.com
marketwatch.com
I'd say "Good for them", but it's more accurate to say "Wow - their bankers left a lot of money on the table."
And there is a ton of room to bring the cost down, no way this stuff costs more than taking a bunch of plants and feeding them to cows vs just making it out of plants (peas) to begin with.
This is going to keep soaring, I say this as someone who has been buying it since it first came out. I have made many dishes where my carnivore friends just loved it, only reason they don't switch permanently is because of cost.
Buy this stock while it's cheap, I don't think it will go down.
I have looked into the health impact of plant vs animal calories for many years of my life and am convinced a diet low in caloric intake from animal products (10% or less of total caloric intake) is quite correlative to long term health. I follow the work of Dr. Fuhrman who has sources for nearly all of his claims.
So besides cholesterol, plant protein vs animal protein has a big impact on health, in my research.
e.g. How many people go to the hospital or die everyday for protein deficiency vs protein abundance?
Personally I'm happy that I had never bought into the whole anti-meat propaganda: http://www.diagnosisdiet.com/food/meats/
(Love their product, though.)