Beyond Meat stock pops on Q4 earnings beat

All right, moving on to shares of Beyond Meat, sizzling after reports, better than expected revenue and earnings. This company makes progress in its transition to a sustainable growth model. And I have a chart of that as well that I can bring up on the Wi-Fi interactive here. And down in the lower right, this is a small box, but we're going to click that. There we go. Here's the three-year view of Beyond Meat. It also did fairly well over the pandemic, and we can see over the last three years, I think two years is going to be even more drastic down 86 percent, although you're at a date up 64 percent.

So this is a stock that is more growth-oriented and I think really needs to be more concerned about their cash position. Well, but it's not growing. I mean, let's be clear here. This company beat estimates, but revenue was down 21 percent year of a year. So this is not Good point. It's not growing. The revenue is actually going down.

The company though is just talking about trying to sort of managing, manage that growth a little bit better. And what has happened here, and this is sort of a bigger issue with plant-based meat, is has it hit a ceiling? It's at least a roadblock, if nothing else, as we have seen, there was a big surge in interest, and now that's petered out a little bit. Well, in terms of adoption, it's become, as we were talking about in the morning meeting, more of a commodity item. There are people who are, so I'm not the typical user here, so I don't really know the difference that well, but if you're at a store and you got Beyond Meat and it's right there and impossible foods, their burger is not there, well, which one are you going to buy? The one that's there. The one that's there. It's as simple as that. And there's still this race for very, to get their various burgers into fast food chain, et cetera, but we've had some stops and starts on that point as well.

So, you know, it's, yes, the numbers are up today. Yes, there's some relief today. Yes, the company is trying to get its distribution into order here. It did add about 5,000 new U.S. food service locations compared with the year earlier, so that is also positive. You've got to think that this is a shorted stock too.

In fact, I'm going to look up the short interest right now. So, at 37% of this company's float is shorted. And that is a very high number. So, yes, we have seen a lot of short squeezes happen this year. It wouldn't be out of the question to think that that's what was going on. We should mention, by the way, we are going to be talking to, we've mentioned impossible foods, we're going to be talking to the CEO of Impossible Foods, Peter McGinnis, a little bit later in the show. Obviously, a privately held company here, but in the same space.

And so, we'll talk about how he's doing. Definitely.

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