Continue to Avoid Beyond Meat (BYND) - Tilson

Whitney Tilson, in his Empire Financial newsletter, said to continue to avoid Beyond Meat's (NASDAQ: BYND) stock. He cites analysis from Professor Joel Litman. Tilson first warned about Beyond Meat when it was near $200. Now it is near $74.

"To justify the current stock price of $75, Beyond Meat needs to improve its ROA from negative 25% in 2018 all the way to 46% by 2023," Litman said in a recent report.

Litman added, "As competitors continue to muscle in on the plant-based burger space, it will be hard for Beyond Meat to charge large premiums for its products... which the company will need to do to justify its current valuations."

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