BYND the Impossible. Sept $150C
TL;DR -
BYND Sept 17 150C
BYND Sept 17 180C
BYND Sept 17 240C
If you look through my history you'll see that I've generally been a perma-bull on BYND. It's a great company and has pretty stellar product. They're not as "meaty" as Impossible, but they're meaty AND not greasy but really filling - think of it as a different burger category altogether - like the Yin to the Impossible Yang. Together, they bolster the entire plant-based protein market.
Thesis here is that BYND has hit a number of support levels. Of course it could break below, but I feel more confident that BYND has already seen its short-term and mid-term drops. - See the RSI? On the 1 Year (above chart) it's oversold. However, if you drill into the 6 month and 3 month though, it's overbought (which scares me).
As an industry, plant-based proteins are booming with vegetarians, flexitarians and traditional meat eaters alike. Plant-based meat category today is reminiscent of the plant-based milk category when it was in its early stages of rapid growth.Financially, this company is VERY well funded and stable. What matters in the plant-based world is of course a solid product, but now more than ever is ability to scale production and scale distribution. BYND has the capital to make this happen.
5.66 Quick Ratio - Hot Diggity
- gfi.org/marketresearch
- gfi.org/blog-state-of-the-industry-2020
- thespoon.tech/good-food-institute-plant-based-food-consumers-spend-61-more-in-food-retail/
Here's something else - year over year, even despite the pandemic and restaurants shutting down, Q3 2020 still showed growth compared to Q3 2019. Should expect to see the same for Q4 20.
The hearts mark exit points.
BYND Sept 17 150C
BYND Sept 17 180C
BYND Sept 17 240C
If you look through my history you'll see that I've generally been a perma-bull on BYND. It's a great company and has pretty stellar product. They're not as "meaty" as Impossible, but they're meaty AND not greasy but really filling - think of it as a different burger category altogether - like the Yin to the Impossible Yang. Together, they bolster the entire plant-based protein market.
Thesis here is that BYND has hit a number of support levels. Of course it could break below, but I feel more confident that BYND has already seen its short-term and mid-term drops. - See the RSI? On the 1 Year (above chart) it's oversold. However, if you drill into the 6 month and 3 month though, it's overbought (which scares me).
As an industry, plant-based proteins are booming with vegetarians, flexitarians and traditional meat eaters alike. Plant-based meat category today is reminiscent of the plant-based milk category when it was in its early stages of rapid growth.Financially, this company is VERY well funded and stable. What matters in the plant-based world is of course a solid product, but now more than ever is ability to scale production and scale distribution. BYND has the capital to make this happen.
5.66 Quick Ratio - Hot Diggity
- gfi.org/marketresearch
- gfi.org/blog-state-of-the-industry-2020
- thespoon.tech/good-food-institute-plant-based-food-consumers-spend-61-more-in-food-retail/
Here's something else - year over year, even despite the pandemic and restaurants shutting down, Q3 2020 still showed growth compared to Q3 2019. Should expect to see the same for Q4 20.
The hearts mark exit points.
now let's go daft.
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