Corner of Berkshire & Fairfax Message Board

General Category => Investment Ideas => Topic started by: Castanza on June 10, 2019, 12:42:33 PM

Title: BYND - Beyond Meat
Post by: Castanza on June 10, 2019, 12:42:33 PM
Need I say anything? up 600% since IPO. Is anyone shorting this? If not what are your opinions?

From the product standpoint it's actually pretty good. Tried a burger at Red Robin the other day. Their product pipeline is pretty impressive and from what I hear they are all pretty tasty and have good reviews across the board. But they do have some supply chain issues and even if they didn't I find it hard to justify any of the price movement. I can't help but correlate this to TLRY.

Either way I have no positions of any type.
Title: Re: BYND - Beyond Meat
Post by: Gregmal on June 10, 2019, 12:57:07 PM
Shorting longer dated OTM calls usually works well with stuff like this.
Title: Re: BYND - Beyond Meat
Post by: blainehodder on June 10, 2019, 01:01:36 PM
Product is great, valuation is extreme. Good story and low float trading. The company will certainly do well. Shareholders late to this run may not. The market is likely to be flooded with clones soon. From a consumer perspective that is great. Probably not so great for Beyond margins.

Hard to say at this point whether there is any real brand loyalty or if they are simply a first mover on a huge demographic trend. I personally like the products but would happily jump to a cheaper competitor.

The company would be wise to issue huge amounts of equity into this run and pad the balance sheet with massive amounts of cash to fuel operations and growth for years to come.

I wouldn’t invest long term at this level as I doubt it justifies any sane DCF assumptions.
 It is likely trade-able on short term moving averages and other very simple momo indicators. It is working out for longs so far!

Peter Lynch said to wait until turnarounds start to turnaround. That is a good motto in trading as well. I wouldn’t jump in short until it started to break down. No need to be a top calling genius to make money.
Title: Re: BYND - Beyond Meat
Post by: roark33 on June 10, 2019, 01:02:55 PM
Yeah, well OTM calls have become ITM calls with BYND, I mean, you could have shorted like $160 calls last week when the stock was at 90 and now they would be in ITM, and most likely be exercised and force you to hold a short position with 100%+ borrowing costs.  I have no idea how to make money on this, besides going 200% long BYND...bcs it's going to the moon...:)
Title: Re: BYND - Beyond Meat
Post by: Saluki on June 10, 2019, 01:23:29 PM
The product is excellent.  My girlfriend (aka the "Warden") is a vegetarian and she has to try several places (whole foods, trader joes, YES organic) because it's always sold out.  When she spots it in the freezer, she will buy 6 or 7 packages of it at a time. 

The price is outrageous though--both for the stock and the product.  It costs more than actual beef, and the stock is trading at (according to yahoo finance) 83x sales.  I'm not crazy enough to buy it or brave enough to short it, i'll just watch from the sidelines. 
Title: Re: BYND - Beyond Meat
Post by: CorpRaider on June 10, 2019, 06:15:50 PM
The impossible burger is legit, had it twice (over the last month).  Gave up beef maybe 2 years ago.  Really nice to have a good burger again.

Just had a beyond meat sausage.  Not a fan.  Then again I don't like real sausage either.

I thought red robin had the impossible burger, not beyond meat.  They were sold out when we went (never been there before); we left and went to an expensive gastropub where they had the impossible burger in stock.  Read articles that impossible burger is hard to get right now because of the BK rollout.
Title: Re: BYND - Beyond Meat
Post by: Castanza on June 10, 2019, 07:05:09 PM
The impossible burger is legit, had it twice (over the last month).  Gave up beef maybe 2 years ago.  Really nice to have a good burger again.

Just had a beyond meat sausage.  Not a fan.  Then again I don't like real sausage either.

I thought red robin had the impossible burger, not beyond meat.  They were sold out when we went (never been there before); we left and went to an expensive gastropub where they had the impossible burger in stock.  Read articles that impossible burger is hard to get right now because of the BK rollout.

LOL you're right...damn I'm an idiot. I did try the Beyond Burger at TGI Fridays. I guess I didn't really notice a difference. Personally I prefer real beef as there is a definitely a difference. I don't agree with the people who say you can't tell it's not real beef. You can tell, but he experience is still pleasant and enjoyable. However, I don't see myself ordering them long term. Even if they get the price down below beef. This is the first time a burger replacement product feels like a legit contender (as far as being able to sustain and build customer satisfaction.)

I wonder what's gonna happen to turkey burgers  :P 
Title: Re: BYND - Beyond Meat
Post by: SHDL on June 11, 2019, 09:24:51 AM
The valuation looks pretty crazy now but this does tick a lot of boxes on my “do not short” checklist.

- Growing extremely fast, still very small.
- Tiny float.
- Stock is really hard/costly to borrow.
- Great product, potentially wide moat.
- Clearly identifiable group of people who will happily buy the stock just because they like the product and the company’s “mission.”
- Obvious acquisition target for giant CPG companies that are struggling to ride current consumer trends and grow.
Title: Re: BYND - Beyond Meat
Post by: Gregmal on June 11, 2019, 11:07:50 AM
This whole thing just screams fad to me. Lets face it, there is a certain ambiguity to the TAM here, but realistically, only a fringe number of people will stick with this. Hardcore "manly" men, the BBQers and whatnot, will never switch. Then there is the "oh that's cool" crowd, probably like myself. I tried the Impossible Burger, and it was good. But I'm not getting it every time I go out and order a cheeseburger. At last, there is the health crowd. But from everything I have read, this burger is basically on par with beef. There is no real health benefit to it. So the only place, long term for this(after everyone has gotten over the "its cool I need to try one" thing), is the vegetarian/vegan who doesn't really care "that much" about their health.

These things aren't replacing Big Mac's and aren't taking over the world. There is nothing really stopping knocks offs from emerging, and its hard to really get comfortable with future valuations when the current multiple is 100x sales. What price/sales ration does Lamb Weston trade at? Thats maybe where I'd be interested.

That said, outside of selling OTM calls, I think stuff like LWAY and CLXT might be tertiary plays with way more upside should this trend continue.
Title: Re: BYND - Beyond Meat
Post by: rkbabang on June 11, 2019, 12:21:02 PM
This whole thing just screams fad to me. Lets face it, there is a certain ambiguity to the TAM here, but realistically, only a fringe number of people will stick with this. Hardcore "manly" men, the BBQers and whatnot, will never switch. Then there is the "oh that's cool" crowd, probably like myself. I tried the Impossible Burger, and it was good. But I'm not getting it every time I go out and order a cheeseburger. At last, there is the health crowd. But from everything I have read, this burger is basically on par with beef. There is no real health benefit to it. So the only place, long term for this(after everyone has gotten over the "its cool I need to try one" thing), is the vegetarian/vegan who doesn't really care "that much" about their health.

These things aren't replacing Big Mac's and aren't taking over the world. There is nothing really stopping knocks offs from emerging, and its hard to really get comfortable with future valuations when the current multiple is 100x sales. What price/sales ration does Lamb Weston trade at? Thats maybe where I'd be interested.

That said, outside of selling OTM calls, I think stuff like LWAY and CLXT might be tertiary plays with way more upside should this trend continue.


I agree with almost everything you've said except that it is on par with beef.  It contains Canola Oil (3rd ingredient) as well as sunflower oil.  Someone who wanted to stay away from high omega-6 oils would choose a beef burger over this for health reasons.  The same with version 2 of the impossible burger, which uses sunflower oil as its main fat. 

I haven't tried either of these, but I'll probably try them eventually just out of curiosity.

As far as the stock goes, I think it is blown way out of proportion.  I've spoke to a vegetarian that I know who does not want to try these because she doesn't want the experience of eating meat.  And if you are not a vegetarian, then beef is arguably healthier.  So unless these become extremely cheep so people save money by choosing these over meat, or change their recipes (which might effect taste), I don't see this as anything but a fad as well.

I'm waiting for the lab-grown real beef.
Title: Re: BYND - Beyond Meat
Post by: aws on June 11, 2019, 02:30:55 PM
IB has the borrow rate at 384% right now, well over 1% per day.  Hard to imagine making money unless you just caught a day like today randomly.
Title: Re: BYND - Beyond Meat
Post by: snow pea on June 11, 2019, 04:11:22 PM
I am a vegetarian and have eaten beyond burgers (as well as a couple of their other products) a few times.  I don't particularly like them because they seem too meat-like to me.  There are probably other vegetarians for whom being more meat-like is not an attractive feature, so that may also limit the market, but I suspect that we're not a large portion of the vegetarian population.  My partner, who is also a vegetarian, does enjoy them quite a bit.  As do most others I've talked to them about, both vegetarian and not.
Title: Re: BYND - Beyond Meat
Post by: SHDL on June 11, 2019, 04:20:06 PM
On the product, I wonder how people who don’t eat beef for religious reasons feel about their burgers and sausages?  If this has the potential to do well in a place like, say, India, that changes things quite a bit.
Title: Re: BYND - Beyond Meat
Post by: CorpRaider on June 11, 2019, 05:08:11 PM
The big sales pitch, to my eye, is going to be environmental/sustainability (to include animal welfare).  I personally will probably eat an impossible burger one every month or two.  I'm not vegan or vegetarian.  I eat some poultry and fish.  I've seen some marketing data term for us flexi-vores or something like that.

Personally don't think the saturated fats content stuff will play outside of maybe boomer cardiologists.
Title: Re: BYND - Beyond Meat
Post by: Castanza on June 11, 2019, 06:43:15 PM
IB has the borrow rate at 384% right now, well over 1% per day.  Hard to imagine making money unless you just caught a day like today randomly.

Don't really play option that much. But do you think today's significant drop has anything to do with the "quiet period expiration"? That being said the IPO lockup is in Oct. Hard to imagine this bloat holding on that long, but it's not unreasonable to use those as potential target dates for shorts. I still don't have the cajones to do it. 
Title: Re: BYND - Beyond Meat
Post by: aws on June 11, 2019, 08:03:27 PM
IB has the borrow rate at 384% right now, well over 1% per day.  Hard to imagine making money unless you just caught a day like today randomly.

Don't really play option that much. But do you think today's significant drop has anything to do with the "quiet period expiration"? That being said the IPO lockup is in Oct. Hard to imagine this bloat holding on that long, but it's not unreasonable to use those as potential target dates for shorts. I still don't have the cajones to do it.

I don't think it was the quiet period, just the downgrade from JP Morgan on an obviously overheated stock.  I don't think there's any good way to profit from shorting for as long as the demand to short is so high.  Just like the borrow rate makes shorting the stock exorbitantly expensive, it also skews the put/call parity dramatically which makes options unlikely to be profitable.  For example, with the stock at 126 the November $125 puts were trading at 46 vs 18 for calls of the same strike even though it's the calls that are in the money.  If you buy the puts you need a 37% drop to breakeven, and if you short the call you get paid little relative to the volatility and risk getting blown out if the stock spikes and triggers early assignment, which then subjects you to the insane short borrow fee.
Title: Re: BYND - Beyond Meat
Post by: BG2008 on June 21, 2019, 04:49:22 PM
BYND obviously trades at crazy multiples to revenue.  Let's not bother with P/FCF or EV/EBITDA.  But I have been tinkering with the thought that BYND's constraint on revenue growth is actually on the supply side as they can't keep up with demand.  What is interesting is that places like Burger King is rolling it out.  It is different when there is a small chain of 20 restaurants that want to put it on the menu.  But when Burger King want to roll it out to its foot print of 7,406 locations, the revenue will likely J Curve.  I am not saying that the valuation is defensible.  What I am saying is that the P/Sales is probably not as ridiculous as it actually looks. 
Title: Re: BYND - Beyond Meat
Post by: gfp on June 21, 2019, 04:58:03 PM
Burger King is rolling out Impossible Foods’ product. It’s a different company

BYND obviously trades at crazy multiples to revenue.  Let's not bother with P/FCF or EV/EBITDA.  But I have been tinkering with the thought that BYND's constraint on revenue growth is actually on the supply side as they can't keep up with demand.  What is interesting is that places like Burger King is rolling it out.  It is different when there is a small chain of 20 restaurants that want to put it on the menu.  But when Burger King want to roll it out to its foot print of 7,406 locations, the revenue will likely J Curve.  I am not saying that the valuation is defensible.  What I am saying is that the P/Sales is probably not as ridiculous as it actually looks.
Title: Re: BYND - Beyond Meat
Post by: BG2008 on June 21, 2019, 05:06:40 PM
Burger King is rolling out Impossible Foods’ product. It’s a different company

BYND obviously trades at crazy multiples to revenue.  Let's not bother with P/FCF or EV/EBITDA.  But I have been tinkering with the thought that BYND's constraint on revenue growth is actually on the supply side as they can't keep up with demand.  What is interesting is that places like Burger King is rolling it out.  It is different when there is a small chain of 20 restaurants that want to put it on the menu.  But when Burger King want to roll it out to its foot print of 7,406 locations, the revenue will likely J Curve.  I am not saying that the valuation is defensible.  What I am saying is that the P/Sales is probably not as ridiculous as it actually looks.

Facepalm
Title: Re: BYND - Beyond Meat
Post by: BG2008 on June 21, 2019, 05:07:20 PM
Burger King is rolling out Impossible Foods’ product. It’s a different company

BYND obviously trades at crazy multiples to revenue.  Let's not bother with P/FCF or EV/EBITDA.  But I have been tinkering with the thought that BYND's constraint on revenue growth is actually on the supply side as they can't keep up with demand.  What is interesting is that places like Burger King is rolling it out.  It is different when there is a small chain of 20 restaurants that want to put it on the menu.  But when Burger King want to roll it out to its foot print of 7,406 locations, the revenue will likely J Curve.  I am not saying that the valuation is defensible.  What I am saying is that the P/Sales is probably not as ridiculous as it actually looks.

Facepalm

Facepalm, but principle still applies while thinking about P/S of both Beyond and Impossible
Title: Re: BYND - Beyond Meat
Post by: Zorrofan on June 22, 2019, 10:40:03 AM
Spokesperson for a consumer group was on CNBC warning about the chemicals used in the processing of pea protein, a major component in "Beyond Meat".

https://www.consumerfreedom.com/2019/05/5-chemicals-lurking-in-plant-based-meats/

https://www.cnbc.com/video/2019/06/21/beyond-meat-down-after-consumer-group-warns-of-chemicals-in-fake-meat.html


Title: Re: BYND - Beyond Meat
Post by: roark33 on June 22, 2019, 10:45:25 AM
https://www.sourcewatch.org/index.php/Center_for_Consumer_Freedom

Given that this "watchdog" was and is still primarily funding by the tobacco industry, I am not sure how much weight should truly be given to their statements about health. 
Title: Re: BYND - Beyond Meat
Post by: DTEJD1997 on June 22, 2019, 10:50:48 AM
Hey all:

I tried some Beyond meat product the other day.

Definitely a VERY mixed product.  The firmness/texture was pretty good.

It had an odd taste though...I don't see how anybody could be fooled into thinking that this is actually meat by itself.  If it were in spaghetti sauce or chili or had some other strong flavors mixed with it, then MAYBE.

It was also unfortunate that it left an aftertaste, kind of a chemical taste.

Overall, it might be better than some of the competing meat substitutes, but it is also very expensive.  It was the most expensive protein choice on the menu!  Steak was cheaper.

An interesting product, but I don't think it is going to take massive market share anytime soon.

I will try it somewhere else, maybe BK might have a better taste/experience?
Title: Re: BYND - Beyond Meat
Post by: Deepdive on June 22, 2019, 09:44:41 PM
Beyond Meat brings back memories of the tech bubble.  Tech companies are actually much higher in quality this time around despite not being profitable at the time of IPO. 
Title: Re: BYND - Beyond Meat
Post by: Gregmal on June 23, 2019, 12:20:39 PM
Whenever I go to Costco I grab a box of the Morningstar Chipotle Bean Burgers. Very good, probably better than the Beyond Meat product or the Impossible Burger which I do like. Nevertheless I also still eat regular burgers, and it isn't taking share of anything for me other than perhaps one lunch meal a week.

Key question, why isn't Kellog stock going bananas?
Title: Re: BYND - Beyond Meat
Post by: Castanza on June 23, 2019, 01:52:10 PM
Whenever I go to Costco I grab a box of the Morningstar Chipotle Bean Burgers. Very good, probably better than the Beyond Meat product or the Impossible Burger which I do like. Nevertheless I also still eat regular burgers, and it isn't taking share of anything for me other than perhaps one lunch meal a week.

Key question, why isn't Kellog stock going bananas?

Greg, that is a simple yet important insight about Kellogg. However, I think part of the difference lies in the marketing of the product. Yes, Beyond Meat is marketed as a healthy alternative to meat. But I think the core of their marketing is on the sustainability of the product. I rarely see the company discussed without the sustainability and environmental aspects being mentioned. I think this really "sells" it to the millennial and younger generations. I think people have a bit of an irrational fear when it comes to sustainability. For some reason everyone thinks eating meat is killing the world. I won't disregard the harmful nature of industrial farming (some aspects) as there are some things that need to be changed. It seems that any company who markets themselves on the "wave of green" translates well with the younger generations. Long story short, it's way over valued, isn't as good (healthy or taste wise) as everyone says and is simply surfing the green wave. Every wave meets the shore eventually.

Also Kellogg is one of those big evil conglomerate corporations that millennials love to hate.  :P
Title: Re: BYND - Beyond Meat
Post by: Deepdive on June 23, 2019, 05:09:10 PM
Beyond Meat is pure play and Kellogg's bean burger probably doesn't move the needle much
Title: Re: BYND - Beyond Meat
Post by: Gregmal on June 23, 2019, 05:35:00 PM
Beyond Meat is pure play and Kellogg's bean burger probably doesn't move the needle much

My remark was largely sarcastic. In terms of EV, Kellogg is about 28B, while BYND is just under $10B.  Morningstar Farms certainly isn't valued properly!(again sarcasm).

My gist; this is the definition of a fad. 100%. Has nothing to do with the market being in a bubble or anything else. The key for these companies is to follow the Sodastream model. Hoard as much cash as possible during your fad years, and then hope to reposition the business in as strong a position as possible once things normalize. Most fads piss away their money in good times, and then lose money when the boom is over(SCTY). I dont see this as being much different. FIZZ is another one.
Title: Re: BYND - Beyond Meat
Post by: Jurgis on June 24, 2019, 10:12:36 AM
Bought BYND sausages and burger @ Wegmans. Did not like the sausages.  :( Trader Joe's veggie sausages taste better for me. Did not try the burger yet.
Title: Re: BYND - Beyond Meat
Post by: rkbabang on June 24, 2019, 12:57:49 PM
I wonder if Beyond Meat can survive now that their nefarious plot to change human DNA has been exposed.

Meatless burgers are Satan's work
https://boingboing.net/2019/06/17/meatless-burgers-are-satans.html
Title: Re: BYND - Beyond Meat
Post by: Jurgis on June 24, 2019, 01:52:24 PM
Now I'm in a bynd... I'll have to eat their sausages to do Lucifer's (TM) work on Earth... even if I don't like them.  ::)
Title: Re: BYND - Beyond Meat
Post by: tooskinneejs on June 24, 2019, 01:53:23 PM
I had a Beyond burger this weekend.  Thought it was somewhat similar to a beef burger, but overall didn't think it was anywhere near as good as the hype surrounding it.  I honestly can't say I would choose it over any of the dozens of other veggie burgers out there.
Title: Re: BYND - Beyond Meat
Post by: Liberty on June 24, 2019, 02:25:43 PM
I had a Beyond burger this weekend.  Thought it was somewhat similar to a beef burger, but overall didn't think it was anywhere near as good as the hype surrounding it.  I honestly can't say I would choose it over any of the dozens of other veggie burgers out there.

Expectations matter a lot with all subjective experiences (watching a movie, listening to an album, tasting a wine or scotch, etc).

I think that the hype and high expectations are doing a disservice to the company, though I'm not sure what they can do about it.

I tried a Beyond Meat burger from A&W a few weeks ago with pretty neutral expectations (maybe slightly on the high side), and I liked it. I thought it wasn't quite as good as the regular burger which I had side-by-side, but it's was tasty, and would probably have gone over even better without the direct comparison.

These things will keep getting better, and the end state is artificial meat that will be as good and eventually better (all cloned from the very best AAAA grass-fed Kobe beef but with Omega 3... healthier, and more ethical, and better for the environment (turning feedstock into meat isn't that efficient through an animal)) than the factory-farmed meat. Question is how long until we get there?

I like that this company is getting all the attention. Hopefully it attracts more competitors and smart people and capital to the field so that this transition happens faster.

Like Tesla, no interest in it as an investment, but I find the technology/product very interesting, especially where it's going rather than where it is.
Title: Re: BYND - Beyond Meat
Post by: rkbabang on June 26, 2019, 03:07:55 PM
Arby's Strikes Back

https://www.insider.com/arbys-meat-carrot-made-out-of-turkey-2019-6
Title: Re: BYND - Beyond Meat
Post by: Lakesider on June 27, 2019, 02:50:33 PM
Arby's Strikes Back

https://www.insider.com/arbys-meat-carrot-made-out-of-turkey-2019-6

This is satire right?
Title: Re: BYND - Beyond Meat
Post by: BG2008 on June 27, 2019, 03:08:34 PM
Arby's Strikes Back

https://www.insider.com/arbys-meat-carrot-made-out-of-turkey-2019-6

This is satire right?

If carrots made of turkey isn't satire, maybe sauerkraut made of fermented chitlins qualifies
Title: Re: BYND - Beyond Meat
Post by: Gregmal on June 27, 2019, 04:28:57 PM
I picked up an 8 burger package of Pat LaFrieda beef sliders for $4.79 today, along with a 2 pack of the Beyond Meat burgers for $5.99. I'm curious to see what is the better value, although I have my suspicions already.
Title: Re: BYND - Beyond Meat
Post by: BG2008 on June 27, 2019, 10:42:17 PM
I picked up an 8 burger package of Pat LaFrieda beef sliders for $4.79 today, along with a 2 pack of the Beyond Meat burgers for $5.99. I'm curious to see what is the better value, although I have my suspicions already.

How did you get a 8 burger package of Pat LaFrieda for $4.79? 
Title: Re: BYND - Beyond Meat
Post by: Gregmal on June 28, 2019, 12:46:48 AM
I picked up an 8 burger package of Pat LaFrieda beef sliders for $4.79 today, along with a 2 pack of the Beyond Meat burgers for $5.99. I'm curious to see what is the better value, although I have my suspicions already.

How did you get a 8 burger package of Pat LaFrieda for $4.79?

To be fair, they are sliders, so its probably equivalent to maybe 4 real burgers. But the secret sauce... Shoprite manager's specials. Typically stuff that's expiration date is within 48 hours. These are normally $6.99. Buy yourself a deep freezer, and take advantage of near term expirations and holidays. Value investor lifestyle lol. You should have seen my wife's face when I came home with 15 3-4lb slabs of corned beef a day after St. Patty's Day. $1.49 a pound for meat thats typically $6-$8 per lb. My son loves hot dogs... 4th of July sales I'll probably buy a dozen packs of Sabretts for $2 per that normally run $5.49 each.
Title: Re: BYND - Beyond Meat
Post by: Liberty on June 28, 2019, 06:06:32 AM
I picked up an 8 burger package of Pat LaFrieda beef sliders for $4.79 today, along with a 2 pack of the Beyond Meat burgers for $5.99. I'm curious to see what is the better value, although I have my suspicions already.

To be fair, I don't think they claim to be the cheapest option. Not really their value proposition. Kind of like free range chicken isn't about being cheapest, but about not wanting to encourage certain practices.
Title: Re: BYND - Beyond Meat
Post by: BG2008 on June 28, 2019, 05:58:08 PM
I picked up an 8 burger package of Pat LaFrieda beef sliders for $4.79 today, along with a 2 pack of the Beyond Meat burgers for $5.99. I'm curious to see what is the better value, although I have my suspicions already.

How did you get a 8 burger package of Pat LaFrieda for $4.79?

To be fair, they are sliders, so its probably equivalent to maybe 4 real burgers. But the secret sauce... Shoprite manager's specials. Typically stuff that's expiration date is within 48 hours. These are normally $6.99. Buy yourself a deep freezer, and take advantage of near term expirations and holidays. Value investor lifestyle lol. You should have seen my wife's face when I came home with 15 3-4lb slabs of corned beef a day after St. Patty's Day. $1.49 a pound for meat thats typically $6-$8 per lb. My son loves hot dogs... 4th of July sales I'll probably buy a dozen packs of Sabretts for $2 per that normally run $5.49 each.

Greg,

That's amateur stuff, have you ever bought 10 pounds of mussels just trucked in from PEI for $11?  Or a five pound box of portabello mushrooms for $9.99?  The freshest stuff you can get.  It makes Costco shopping look like chumps.   
Title: Re: BYND - Beyond Meat
Post by: Gregmal on June 29, 2019, 06:45:31 AM
I picked up an 8 burger package of Pat LaFrieda beef sliders for $4.79 today, along with a 2 pack of the Beyond Meat burgers for $5.99. I'm curious to see what is the better value, although I have my suspicions already.

How did you get a 8 burger package of Pat LaFrieda for $4.79?

To be fair, they are sliders, so its probably equivalent to maybe 4 real burgers. But the secret sauce... Shoprite manager's specials. Typically stuff that's expiration date is within 48 hours. These are normally $6.99. Buy yourself a deep freezer, and take advantage of near term expirations and holidays. Value investor lifestyle lol. You should have seen my wife's face when I came home with 15 3-4lb slabs of corned beef a day after St. Patty's Day. $1.49 a pound for meat thats typically $6-$8 per lb. My son loves hot dogs... 4th of July sales I'll probably buy a dozen packs of Sabretts for $2 per that normally run $5.49 each.

Greg,

That's amateur stuff, have you ever bought 10 pounds of mussels just trucked in from PEI for $11?  Or a five pound box of portabello mushrooms for $9.99?  The freshest stuff you can get.  It makes Costco shopping look like chumps.   

As a seafood junky, that sounds amazing. I'd need another deep freezer for sure!

Also just reminded me of another nice get around. Need a quick getaway? Take an hour and a half flight to Bermuda with the wife for the weekend. There each of you can purchase 2 bottles of anything your want(and bring home with you) at the duty free. Last time I snagged a 1L(not the 750ml they typically sell here) at Glenlivet 18 for $79 and a Jamieson 18 year limited reserve for $75. You can also get some Cuban cigars for dirt. Although I am not sure if it's legal to bring those back. When I went it wasn't but all you have to do is buy a box of $5 garbage and sub them out and you're good.
Title: Re: BYND - Beyond Meat
Post by: merkhet on June 29, 2019, 07:03:57 AM
Importing Cuban cigars for personal use is now legal. Used to be a $X cap, but that has been removed since late-2016.
Title: Re: BYND - Beyond Meat
Post by: Zorrofan on June 30, 2019, 06:14:44 PM
This can't be good.....

https://www.gmoscience.org/rat-feeding-studies-suggest-the-impossible-burger-may-not-be-safe-to-eat/

Title: Re: BYND - Beyond Meat
Post by: Gregmal on July 02, 2019, 09:41:11 AM
https://seekingalpha.com/news/3475334-kellogg-seen-vegetarian-sleeper

The Street is waking up!
Title: Re: BYND - Beyond Meat
Post by: Liberty on July 02, 2019, 09:47:20 AM
This can't be good.....

https://www.gmoscience.org/rat-feeding-studies-suggest-the-impossible-burger-may-not-be-safe-to-eat/

What are you doing on a site called "GMO Science" that has this at the bottom of its pages "1 of the key factors fuelling the epidemic of autism & ADHD in children is epigenetics; the effects of toxic exposures of previous generations on their offspring. Glyphosate has also been shown to cause epigenetic effects" ?

If this site says it's unhealthy, that makes it more likely to be healthy, all else equal, IMO.
Title: Re: BYND - Beyond Meat
Post by: Parsad on July 02, 2019, 02:05:31 PM
I picked up an 8 burger package of Pat LaFrieda beef sliders for $4.79 today, along with a 2 pack of the Beyond Meat burgers for $5.99. I'm curious to see what is the better value, although I have my suspicions already.

Beef will be the better value until volumes pick up.  I can tell you for a fact that Beyond Meat burgers are selling like hotcakes here in Vancouver.  While I love burgers, I have switched over to the Beyond Meat burgers so that I can satisfy my burger cravings in a healthier way.  I also buy them at the grocery store.  Whether that makes Beyond Meat a good investment is anyone's guess, but they are selling and the demand is not decreasing any time soon.  In fact, I would imagine the growth rate will be very healthy for the next 10-15 years as they develop other products like meatballs, sausages, ground meat, etc.  Cheers!
Title: Re: BYND - Beyond Meat
Post by: meiroy on July 03, 2019, 02:06:12 AM
I picked up an 8 burger package of Pat LaFrieda beef sliders for $4.79 today, along with a 2 pack of the Beyond Meat burgers for $5.99. I'm curious to see what is the better value, although I have my suspicions already.

Beef will be the better value until volumes pick up.  I can tell you for a fact that Beyond Meat burgers are selling like hotcakes here in Vancouver.  While I love burgers, I have switched over to the Beyond Meat burgers so that I can satisfy my burger cravings in a healthier way.  I also buy them at the grocery store.  Whether that makes Beyond Meat a good investment is anyone's guess, but they are selling and the demand is not decreasing any time soon.  In fact, I would imagine the growth rate will be very healthy for the next 10-15 years as they develop other products like meatballs, sausages, ground meat, etc.  Cheers!

It's not healthier, it's processed crap. If you want healthier, then eat some grass-fed meat and avoid any sugary drinks and french fries. Eat meat for meat and unprocessed vegetables for vegetables.

No one can see 10-15 years in this industry.  With this pop and buzz, there will be 100 other options or more in the next 10 years, some will be far better.   What moat do they have exactly to last them 10 years? This schtick is going to crash within a year.



Title: Re: BYND - Beyond Meat
Post by: Parsad on July 03, 2019, 02:18:05 AM
I picked up an 8 burger package of Pat LaFrieda beef sliders for $4.79 today, along with a 2 pack of the Beyond Meat burgers for $5.99. I'm curious to see what is the better value, although I have my suspicions already.

Beef will be the better value until volumes pick up.  I can tell you for a fact that Beyond Meat burgers are selling like hotcakes here in Vancouver.  While I love burgers, I have switched over to the Beyond Meat burgers so that I can satisfy my burger cravings in a healthier way.  I also buy them at the grocery store.  Whether that makes Beyond Meat a good investment is anyone's guess, but they are selling and the demand is not decreasing any time soon.  In fact, I would imagine the growth rate will be very healthy for the next 10-15 years as they develop other products like meatballs, sausages, ground meat, etc.  Cheers!

It's not healthier, it's processed crap. If you want healthier, then eat some grass-fed meat and avoid any sugary drinks and french fries. Eat meat for meat and unprocessed vegetables for vegetables.

No one can see 10-15 years in this industry.  With this pop and buzz, there will be 100 other options or more in the next 10 years, some will be far better.   What moat do they have exactly to last them 10 years? This schtick is going to crash within a year.

That's what they said about Soda Stream...which I thought like you would bust.  I'm pretty sure we all thought the same about Whole Foods.  There are a lot of things that succeed that I really thought would not...I thought rap music was a fad!  Cheers!
Title: Re: BYND - Beyond Meat
Post by: meiroy on July 04, 2019, 07:09:56 PM
I picked up an 8 burger package of Pat LaFrieda beef sliders for $4.79 today, along with a 2 pack of the Beyond Meat burgers for $5.99. I'm curious to see what is the better value, although I have my suspicions already.

Beef will be the better value until volumes pick up.  I can tell you for a fact that Beyond Meat burgers are selling like hotcakes here in Vancouver.  While I love burgers, I have switched over to the Beyond Meat burgers so that I can satisfy my burger cravings in a healthier way.  I also buy them at the grocery store.  Whether that makes Beyond Meat a good investment is anyone's guess, but they are selling and the demand is not decreasing any time soon.  In fact, I would imagine the growth rate will be very healthy for the next 10-15 years as they develop other products like meatballs, sausages, ground meat, etc.  Cheers!

It's not healthier, it's processed crap. If you want healthier, then eat some grass-fed meat and avoid any sugary drinks and french fries. Eat meat for meat and unprocessed vegetables for vegetables.

No one can see 10-15 years in this industry.  With this pop and buzz, there will be 100 other options or more in the next 10 years, some will be far better.   What moat do they have exactly to last them 10 years? This schtick is going to crash within a year.

That's what they said about Soda Stream...which I thought like you would bust.  I'm pretty sure we all thought the same about Whole Foods.  There are a lot of things that succeed that I really thought would not...I thought rap music was a fad!  Cheers!

If I'm wrong I'll cook you a healthy dinner! (and eat it myself, because you're kinda far, but I'll repent my folly while repeating "Sanjeev was right!" between bites).

You make a great point about Soda Stream and such.  To add an example to your argument: Skechers. At the time that everyone thought they had a fad (2010?), those ugly, ugly shoes were indeed a fad but qualitatively management had a fantastic track record and it was pretty standard for the industry to miss occasionally, so there was a strong thesis they would get out of it.  Is there anything similar with BYND?

The meat replacement trend is obviously very strong, but how can you bet on one company at this point? You can get the trend right but miss the company.

Within a year they crash #timestamp




Title: Re: BYND - Beyond Meat
Post by: cameronfen on July 04, 2019, 07:16:14 PM
I picked up an 8 burger package of Pat LaFrieda beef sliders for $4.79 today, along with a 2 pack of the Beyond Meat burgers for $5.99. I'm curious to see what is the better value, although I have my suspicions already.

Beef will be the better value until volumes pick up.  I can tell you for a fact that Beyond Meat burgers are selling like hotcakes here in Vancouver.  While I love burgers, I have switched over to the Beyond Meat burgers so that I can satisfy my burger cravings in a healthier way.  I also buy them at the grocery store.  Whether that makes Beyond Meat a good investment is anyone's guess, but they are selling and the demand is not decreasing any time soon.  In fact, I would imagine the growth rate will be very healthy for the next 10-15 years as they develop other products like meatballs, sausages, ground meat, etc.  Cheers!

It's not healthier, it's processed crap. If you want healthier, then eat some grass-fed meat and avoid any sugary drinks and french fries. Eat meat for meat and unprocessed vegetables for vegetables.

No one can see 10-15 years in this industry.  With this pop and buzz, there will be 100 other options or more in the next 10 years, some will be far better.   What moat do they have exactly to last them 10 years? This schtick is going to crash within a year.

That's what they said about Soda Stream...which I thought like you would bust.  I'm pretty sure we all thought the same about Whole Foods.  There are a lot of things that succeed that I really thought would not...I thought rap music was a fad!  Cheers!

If I'm wrong I'll cook you a healthy dinner! (and eat it myself, because you're kinda far, but I'll repent my folly while repeating "Sanjeev was right!" between bites).

You make a great point about Soda Stream and such.  To add an example to your argument: Skechers. At the time that everyone thought they had a fad (2010?), those ugly, ugly shoes were indeed a fad but qualitatively management had a fantastic track record and it was pretty standard for the industry to miss occasionally, so there was a strong thesis they would get out of it.  Is there anything similar with BYND?

The meat replacement trend is obviously very strong, but how can you bet on one company at this point? You can get the trend right but miss the company.

Within a year they crash #timestamp

The market can remain stupid for longer than you can remain liquid.
Title: Re: BYND - Beyond Meat
Post by: Gregmal on July 07, 2019, 12:04:08 PM
Finally tried this thing.

1. The Impossible Burger is way better.

2. My wife tried it as well and we both agreed it passes, especially with a bun and cheese, as a burger.

3. The main thing, is that if you know what it is, its hard not to sit there and stare at this thing while eating it, trying to process wtf it actually is. The draw I've noticed with most people, is mainly out of curiosity. Once you have it a couple times it loses its mystique and if it tastes close enough to a burger, while still kind of being subtly different, why not just have the burger, especially if it's cheaper.

Fad...
Title: Re: BYND - Beyond Meat
Post by: meiroy on July 24, 2019, 07:09:00 AM
I picked up an 8 burger package of Pat LaFrieda beef sliders for $4.79 today, along with a 2 pack of the Beyond Meat burgers for $5.99. I'm curious to see what is the better value, although I have my suspicions already.

Beef will be the better value until volumes pick up.  I can tell you for a fact that Beyond Meat burgers are selling like hotcakes here in Vancouver.  While I love burgers, I have switched over to the Beyond Meat burgers so that I can satisfy my burger cravings in a healthier way.  I also buy them at the grocery store.  Whether that makes Beyond Meat a good investment is anyone's guess, but they are selling and the demand is not decreasing any time soon.  In fact, I would imagine the growth rate will be very healthy for the next 10-15 years as they develop other products like meatballs, sausages, ground meat, etc.  Cheers!

It's not healthier, it's processed crap. If you want healthier, then eat some grass-fed meat and avoid any sugary drinks and french fries. Eat meat for meat and unprocessed vegetables for vegetables.

No one can see 10-15 years in this industry.  With this pop and buzz, there will be 100 other options or more in the next 10 years, some will be far better.   What moat do they have exactly to last them 10 years? This schtick is going to crash within a year.

That's what they said about Soda Stream...which I thought like you would bust.  I'm pretty sure we all thought the same about Whole Foods.  There are a lot of things that succeed that I really thought would not...I thought rap music was a fad!  Cheers!

If I'm wrong I'll cook you a healthy dinner! (and eat it myself, because you're kinda far, but I'll repent my folly while repeating "Sanjeev was right!" between bites).

You make a great point about Soda Stream and such.  To add an example to your argument: Skechers. At the time that everyone thought they had a fad (2010?), those ugly, ugly shoes were indeed a fad but qualitatively management had a fantastic track record and it was pretty standard for the industry to miss occasionally, so there was a strong thesis they would get out of it.  Is there anything similar with BYND?

The meat replacement trend is obviously very strong, but how can you bet on one company at this point? You can get the trend right but miss the company.

Within a year they crash #timestamp

+30%
Title: Re: BYND - Beyond Meat
Post by: Castanza on July 24, 2019, 07:37:37 AM
Now trading at 100x sales....truly incredible! Anyone think this will fall off a cliff once lockout expires in October? Or will the hysteria continue?
Title: Re: BYND - Beyond Meat
Post by: tede02 on July 29, 2019, 05:53:19 AM
Now trading at 100x sales....truly incredible! Anyone think this will fall off a cliff once lockout expires in October? Or will the hysteria continue?

I read this last week too. Had to take a look at long put options...holy cow are they expensive! Obviouisly a lot of skepticism at these prices.
Title: Re: BYND - Beyond Meat
Post by: Castanza on August 06, 2019, 11:10:50 AM
Down 47% in 9 days...

Just gets better and better
Title: Re: BYND - Beyond Meat
Post by: CorpRaider on August 06, 2019, 11:29:34 AM
Finally tried this thing.

1. The Impossible Burger is way better.


Agree 100%
Title: Re: BYND - Beyond Meat
Post by: BG2008 on August 06, 2019, 12:02:07 PM
Down 47% in 9 days...

Just gets better and better

It is still worth more than Howard Hughes, so Beyond Meat wins.  End of discussion. 
Title: Re: BYND - Beyond Meat
Post by: ERICOPOLY on August 06, 2019, 02:48:07 PM
Meatless substitutes make sense because the alternatives generate more greenhouse gas than the entirety of the transportation sector and require far too much land and water.
Title: Re: BYND - Beyond Meat
Post by: Castanza on August 06, 2019, 03:53:05 PM
Meatless substitutes make sense because the alternatives generate more greenhouse gas than the entirety of the transportation sector and require far too much land and water.

That's not entirely true. Much of the greenhouse gas comes from poor farming practices such as poor diets for the animals, heavy pesticides, hormones etc. Local organic farming can be better for the environment than purely going "veggie." large crop lands can hurt ecosystems both locally and downstream. The majority of crops can be considered invasive species. However I don't think anything is set in stone. At the end of the day humans are omnivores not herbivores. But to each their own. Personally about 80-85% of my meat consumption comes from hunting season. Load up the freezer once a year and help manage the deer and wildlife populations.  :P But I am no stranger to veggie or portabella burgers.

https://www.motherjones.com/environment/2010/07/is-vegetarian-diet-green/

https://www.theguardian.com/commentisfree/2018/aug/25/veganism-intensively-farmed-meat-dairy-soya-maize

___________________________

As Greg pointed out earlier in the thread. I think this is more a fad than anything else. And at the end of the day what moat does BYND have? Veggie burgers have been around for awhile and the competition is growing. Once the market is saturated people will begin to look for the cheapest alternative. $BYND is currently more expensive than actual beef.
Title: Re: BYND - Beyond Meat
Post by: ERICOPOLY on August 07, 2019, 10:13:36 AM
I switched to a whole-foods, plant-based diet.  No processed oils (not even olive oil).  No meat, no dairy.

This diet is becoming more popular and Beyond Meat doesn't produce a product that meets criteria.  However, there are so few options on the road when traveling that exceptions need to be made at times.

I do not think this is a fad.  Cardiologists who put their patients on this diet are seeing a reversal in coronary artery disease.  https://www.youtube.com/watch?v=EqKNfyUPzoU (the 13:15 minute mark has the data for this doctor).  I believe he is the doctor that put Bill Clinton on this diet after his heart surgery.



Title: Re: BYND - Beyond Meat
Post by: Cardboard on August 07, 2019, 12:19:49 PM
I have read a scientific piece indicating a 5% cerebral mass reduction to those who follow such diet.

There are some key elements in meat and other food being rejected by following such hysteria.

Cardboard

Title: Re: BYND - Beyond Meat
Post by: Castanza on August 07, 2019, 12:30:06 PM
I switched to a whole-foods, plant-based diet.  No processed oils (not even olive oil).  No meat, no dairy.

This diet is becoming more popular and Beyond Meat doesn't produce a product that meets criteria.  However, there are so few options on the road when traveling that exceptions need to be made at times.

I do not think this is a fad.  Cardiologists who put their patients on this diet are seeing a reversal in coronary artery disease.  https://www.youtube.com/watch?v=EqKNfyUPzoU (the 13:15 minute mark has the data for this doctor).  I believe he is the doctor that put Bill Clinton on this diet after his heart surgery.

Most things related to health and life expectancy are hereditary. Diet certainly plays a role (more quality vs longevity)..but at the end of the day health freaks are laying on their death beds at age 70 like the rest of us. Except they are wondering what the Hell they're dying from :p
Title: Re: BYND - Beyond Meat
Post by: ERICOPOLY on August 07, 2019, 02:35:44 PM
There is no cause to be hostile to those who live a different lifestyle.  I am curious what is driving the putdowns — do you feel challenged or something?
Title: Re: BYND - Beyond Meat
Post by: Castanza on August 07, 2019, 03:08:56 PM
There is no cause to be hostile to those who live a different lifestyle.  I am curious what is driving the putdowns — do you feel challenged or something?

Honestly not sure what I said that is hostile? But if you took it that was I apologize.
Title: Re: BYND - Beyond Meat
Post by: ERICOPOLY on August 07, 2019, 05:05:00 PM
What I was referring to is after disclosing that I am eating only whole plant based foods, the next two posts were about ‘freaks’ and ‘hysteria’.

The hysteria has driven down my blood pressure to 105/58, knocked 2 inches off my waist, eliminated my snoring and sleep apnea, and I have not needed to reach for a Tums in 3 months which had become a nightly routine.  I started the diet three months ago.
Title: Re: BYND - Beyond Meat
Post by: BG2008 on August 07, 2019, 09:00:05 PM
Diet is such a complex topic and what is considered good and bad have changed so many times in the last 20-30 years, no one knows what to do anymore.  Here's an anecdote on myself.  Former high school football player and wrestlers.  So eating and not eating play a big role as I used to bulk up for football and then try to feverishly lose it during wrestling season.  It's probably the worst combination of two sports that teenagers can play.  I was a good sport and followed the government guidelines for years with a steady does of carbs and tried to avoid oils and fats per the food pyramid.  Two things happened, a guaranteed 6-8 pounds of weight gain each year.  Granted my physical activities have decreased significantly as I tend to read all day.   Second, insulin spikes and food comas are regular.  Frankly, there are only so many productive hours in a day for me given that if I eat starchy carbs, I will be out of commission for 2 hours.   

Then I was introduced to intermittent fasting.  I literally would have a hungry breakfast sandwich which consist of three fried eggs, bacon, sausage, and cheese on a starchy submarine (hero as we call it here in NYC) and a coffee with milk and sugar.  The key is to eat within an 8 hour window.  The intermittent fasting of 16 hours of fasting and 8 hours of eating actually did wonders for my insulin.  My wife told me that I no longer had insulin spikes and I was no longer hangry.  I went to visit some friends earlier this year and they eat mostly Paleo.  One day we had chilli for lunch which was beef based and no starches.  So it was a beanless chilli.  I thought I would be starving.  But somehow, the veggies, ground beef, and the rendered fat, kept me full till dinner.  After a few days, I thought to myself I can eat this way.  Then my friend told me that two of his co-workers were eating Keto in his office and people would get the Keto flu.  I looked it up and saw what Keto was and joined a Facebook group. 

I started and the carb craving was crazy in the beginning.  My body was just trying to undo the transition to burning ketones.  I was literally bed ridden for the first two weeks as I try to keep my consumption of net carbs under 20 grams a day. But something weird happened.  I was losing 4-8 pounds a week.  I would later learn that carbs tend to hold onto water weight and when you deplete your body of carbs, it flushes out the excess.  It is not permanent fat loss, but it was kinder on my joints and my clothes fit better.  I tried to do Keto and Intermittent fasting and it was just too much.  The key is to just do everything you can to get into Ketosis and even feed yourself "fat bombs' to deal with hunger cravings.  It took me about 4 weeks to get into full ketosis and I have been down about 30 pounds.  This is the weirdest way to lose weight.  I was having a conversation with my analyst.  In short, I am not an undisciplined person.  Yet, I kept putting on 6-8 pounds a year.  As I looked into the voodoo machine that is Youtube and Facebook.  The theory goes something like this.  Our metabolism hasn't really evolved much from our hunter gather days since civilization is only a few thousand years old.  At 20 years per generation, that's only about 250 generations of human beings.  Human beings higher fat reserve is actually a nice survival mechanism versus that of the 3-6% body fat of chimps.   A healthy active male human being has 10-15% body fat.  It makes sense that having higher bodyfat allow human beings to cover more ground and survive for longer period of time without food.  When we are out in the wilderness, we can tap into this amazing "human battery made of fat reserves."  With the advance of agriculture, we started eating a lot more carbs.  In the last 100-200 years, we started eating a lot more process food.  Just read the labels of most packaged food.  It tends to contain words that you can't pronounce.  While it is deemed safe for consumption, who knows what aspartme or nitrites/nitrates are doing to our hormones and bodies. 

So I started Keto and even went so far to buy a KetoMojo and test my blood Ketone levels regularly.  When I get over 1.0 readings, I feel mentally sharp.  In the last few months, I have dropped 30 pounds.  This post is me pondering out loud why Keto works for me and why it works for so many people on Facebook groups.  There a ton of housewives who are 5' 4" and over 250 pounds who have literally lost 100 pounds on Keto.  The crazy thing is that Keto works when you're eating Bacon, eggs, cheese, and dark chocolate.  It also works if you're eating avocado, nuts, and spinach.   It's actually a controversial topic as there are the casual Keto people and the Keto police people.  I fall into the category of "keep it simple stupid" and focus on keeping the total net carb counts below 20 grams a day.  The mental benefit of Keto has been a huge boost for me.  There are days where my breakfast is literally 3-4 fried eggs, bacon, avocado, and 85-90% cacao dark chocolate and a cup of cold brew coffee.   Life is delicious and life is good.  Insulin spikes gone.  Hangriness gone.  Lately, I have been trying to eat one meal a day or eat in a 4-5 hour window.   I find that when I extend my fast from waking up till 4-5PM, I am actually mentally the sharpest.   It's weird.  It feels like voodoo magic.  But it works.  I think it works because it is forcing the body to burn fat as a fuel.  When you eat lot of starchy carbs, your body never has a chance to burn fat because it can always burn Glucose.  I am probably 20 pounds from my goal weight.  I want to get to my high school wrestling weight which is almost impossible for an ex wrestler.   

The key takeaway from all of this is that I encourage people to be a little open minded.  I was a follower of the government recommended food pyramid.  For western trained doctors, I think they are particularly bad with food and nutrition as most solutions are pills and surgery.  The second take away is that simple guidelines can be very powerful.  The key metric to focus on is to keep net carbs below 20 grams.  Keep protein level low and eat lots of good fat.  As I am mentoring my third intern, I think about how managers and boss can communicate with their subordinates.  With every intern, I struggle with keeping them occupied and busy.  It is a lot of work finding task for them to do.  Then one day, I told her the following: 

1. Our goal is to generate good risk-adjusted returns for our investors, that is the most important goal.  Never forget that.  We have to keep finding good ideas. 
2. It is important for all of us to learn and continue to learn.  So if you have down time, read something related to value investing.   Keep learning and keep coming up with questions. 
3. I purposely plan for 45 mins to one hour of lunch each day.  This is so that you can pick my brain.  Take advantage of it. 
4.  I am not good with administrative task.  I dread making phone calls to customer service.  I dread certain e-mails to follow up with people.  To the extent that you can take these task off my hand and I can focus on 1 and 2, it will be very beneficial. 

My intern told me that she wish we had this conversation from day one. I told her I agree.  I am trying to improve as a manager/mentor as well.  I am not perfect.  She told me that she may not know specific but she knows how to prioritize and how she can be helpful.  She has been much more helpful lately and seems to take a lot more initiative.  I think this is what good corporate mission statements are about.  They should be simple, easy to understand, follow, and execute. 

As far as whether it is good to eat so much fat (good or bad fat), I don't know.  I know that Keto is helping me lose 1-2 pounds a week.  I will try to get through the next 20 pounds.  I will probably transition more towards a Paleo diet where I incorporate low glycemic carbs such as berries and sweet potatoes into my diet.  Dietary guidelines are so confusing and forever changing.  Eggs are good, eggs will kill you, eggs will clog your arteries.  No one knows.  I do know one thing that has never change.  Vegetables.  Throughout the shake up in dietary recommendations, no one has vilified vegetables.  So eat your vegetables and eat them in large quantity.  That's my dietary recommendation. 
Title: Re: BYND - Beyond Meat
Post by: Fat Pitch on August 08, 2019, 12:55:50 PM
I've been doing a keto and intermittent fasting diet for the last 3 years. The majority of my macros come from fatty fish such as salmon and mackerel (high in omega 3). The change in energy, mental clarity and time savings is amazing. Carbs is hands down poison to your body and I will never go back.
Title: Re: BYND - Beyond Meat
Post by: Gregmal on August 08, 2019, 01:33:35 PM
Ive screwed around with a bunch of different diets and whatnot. What I found works for me was adjusting the diet based on what my life outlook was. IE in the summer a lot of BBQ and red meat + seafood. So a high fat low carb does the trick. Then maybe adjust into a Mediterranean into November. From there, given the bunch of holidays, Thanksgiving(one big meal), Xmas(one big meal), New Years(probably 5,000 calories worth of alcohol), intermittent fasting...maybe not for everyone, but does the trick for me.
Title: Re: BYND - Beyond Meat
Post by: Liberty on August 09, 2019, 04:09:19 PM
I switched to a whole-foods, plant-based diet.  No processed oils (not even olive oil).  No meat, no dairy.

This diet is becoming more popular and Beyond Meat doesn't produce a product that meets criteria.  However, there are so few options on the road when traveling that exceptions need to be made at times.

I do not think this is a fad.  Cardiologists who put their patients on this diet are seeing a reversal in coronary artery disease.  https://www.youtube.com/watch?v=EqKNfyUPzoU (the 13:15 minute mark has the data for this doctor).  I believe he is the doctor that put Bill Clinton on this diet after his heart surgery.

As Dr. Peter Attia says, the standard American diet is so bad that changing to almost any other diet (vegetarian, carnivore, low carb, whole foods, Mediterranean, pescatarian, keto, etc) will provide benefits, possibly very large.

If you want to further optimize on top of that, then you can start to look at which of those provides the most benefits (and some people react better or worse to some of those, so it's not one size fits all), but anyone on the standard american diet (lots of processed foods, simple carbs, tons of sugar, low fiber, low micronutrients) should just get off that.
Title: Re: BYND - Beyond Meat
Post by: stahleyp on August 09, 2019, 04:29:06 PM
When I was on paleo I never felt better in my life. It's much easier to do when you're a single guy, harder when married, even harder when married and have kids.

I could go to the gym at 8pm with no issue. I didn't come up with it but the term SAD for standard american diet is pretty accurate.
Title: Re: BYND - Beyond Meat
Post by: Deepdive on August 09, 2019, 09:42:45 PM
Can anyone share any biohacking tips?  I have heard that bullet proof coffee and eating a Keto diet is great for staying mentally sharp.  I have heard from people that if their Ketone level hit 2.0, it feels like being on Adderal. 
Title: Re: BYND - Beyond Meat
Post by: Deepdive on August 09, 2019, 09:44:23 PM
I think that Beyond Meat ultimately doesn't work at these multiples because the barriers to entry is low.  Maybe it turns into a Vonage situation where VOIP grew very fast but the margins got competed away. 
Title: Re: BYND - Beyond Meat
Post by: Paarslaars on August 09, 2019, 10:04:23 PM
When I was on paleo I never felt better in my life. It's much easier to do when you're a single guy, harder when married, even harder when married and have kids.

I could go to the gym at 8pm with no issue. I didn't come up with it but the term SAD for standard american diet is pretty accurate.

Same here... when I was in college I did paleo and morning weight lifting. This was a breeze, didn't even need cheat days either, was in the best shape of my life despite some heavy drinking. :)

Paleo went out the window as soon as I started living together with my girlfriend and the gym time disappeared when my daughter was born.

I'm still about the same weight, just lost about 10-15 pounds of muscle and replaced it with fat.  :-\
Title: Re: BYND - Beyond Meat
Post by: meiroy on August 15, 2019, 06:39:02 PM


Are people selling BYND so they could invest in Wework?  What if Wework starts selling Beyond Meat? How would you balance your investment between the two?
Title: Re: BYND - Beyond Meat
Post by: jschembs on August 15, 2019, 07:22:04 PM
I think that Beyond Meat ultimately doesn't work at these multiples because the barriers to entry is low.  Maybe it turns into a Vonage situation where VOIP grew very fast but the margins got competed away.

"At these multiples" - can't tell if that's a joke or not. At these multiples, almost nothing will work.
Title: Re: BYND - Beyond Meat
Post by: Saluki on August 16, 2019, 06:27:24 AM
When I was on paleo I never felt better in my life. It's much easier to do when you're a single guy, harder when married, even harder when married and have kids.

I could go to the gym at 8pm with no issue. I didn't come up with it but the term SAD for standard american diet is pretty accurate.

Same here... when I was in college I did paleo and morning weight lifting. This was a breeze, didn't even need cheat days either, was in the best shape of my life despite some heavy drinking. :)

Paleo went out the window as soon as I started living together with my girlfriend and the gym time disappeared when my daughter was born.

I'm still about the same weight, just lost about 10-15 pounds of muscle and replaced it with fat.  :-\

Same here, I was pretty strict paleo until my girlfriend moved in.  When I was strictly following the protocol, I felt like wolverine.  I went 3 years without catching so much as a cold, was 175lb and buff.  Then I started sliding and eventually got up to 200lbs.  I am still gluten free and managed to get back down to 180 by cutting out most sugar/carbs but definitely not paleo anymore. 

Title: Re: BYND - Beyond Meat
Post by: Gregmal on August 23, 2019, 07:22:56 AM
Its official. This is overvalued. WSJ says so....

https://www.wsj.com/articles/beyond-meat-investors-will-choke-on-their-optimism-11566568701
Title: Re: BYND - Beyond Meat
Post by: rkbabang on August 26, 2019, 07:19:04 AM
When I was on paleo I never felt better in my life. It's much easier to do when you're a single guy, harder when married, even harder when married and have kids.

I could go to the gym at 8pm with no issue. I didn't come up with it but the term SAD for standard american diet is pretty accurate.

Same here... when I was in college I did paleo and morning weight lifting. This was a breeze, didn't even need cheat days either, was in the best shape of my life despite some heavy drinking. :)

Paleo went out the window as soon as I started living together with my girlfriend and the gym time disappeared when my daughter was born.

I'm still about the same weight, just lost about 10-15 pounds of muscle and replaced it with fat.  :-\

Same here, I was pretty strict paleo until my girlfriend moved in.  When I was strictly following the protocol, I felt like wolverine.  I went 3 years without catching so much as a cold, was 175lb and buff.  Then I started sliding and eventually got up to 200lbs.  I am still gluten free and managed to get back down to 180 by cutting out most sugar/carbs but definitely not paleo anymore. 

Yep.  I went on Paleo in 2009 after reading good calories, bad calories.  I went from 235 to 170 and felt amazing.  I did it for about 3-4 years, but it was hard.  I was making myself separate meals from what my wife and kids were eating.  I eventually started cheating a little, then a bit more, then a bit more...  I'm about 205 now and completely off paleo.   I keep telling myself that I'm going to go on a 5 day fast then start paleo again, but I haven't done it.  I used to do 5 days fasts twice per year (eat Sunday night, then just water until next Saturday morning), you feel amazing afterwards, and 1 day fasts once per week.  I was not eating on Mondays.

Title: Re: BYND - Beyond Meat
Post by: rkbabang on August 26, 2019, 07:30:37 AM
KFC Beyond Meat Fried "Chicken"

https://www.businessinsider.com/kfc-plant-based-fried-chicken-beyond-meat-2019-8
Title: Re: BYND - Beyond Meat
Post by: villainx on August 26, 2019, 08:03:25 AM
I don't think the barrier to entry is particular low.  Right now, it's pretty much a race between Impossible and Beyond, no?  With Impossible supposedly having the taste advantage, and Beyond with the product breadth. 

Unless folks think meatless diet has reached critical mass that consumer would choose that versus a Beyond or Impossible brand.
Title: Re: BYND - Beyond Meat
Post by: Castanza on August 26, 2019, 09:49:00 AM
I don't think the barrier to entry is particular low.  Right now, it's pretty much a race between Impossible and Beyond, no?  With Impossible supposedly having the taste advantage, and Beyond with the product breadth. 

Unless folks think meatless diet has reached critical mass that consumer would choose that versus a Beyond or Impossible brand.

Taste is subjective. I think the key metric moving forward will be sales from fast food restaurants. To me this "user base"? represents the average Joe. If these people aren't eating it then you know critical mass has been met and growth may be extremely slow if not non-existent moving forward. But hey this could surprise us. Hell, my Dad whom I traditionally consider a meat a potatoes type of guy went out of his way (never eats fast food) to try the Impossible Whopper at BK. He said it was pretty good and that moving forward if traveling would probably opt for that if fast food was the only option. I can also see soccer moms buying their kids plant based burgers in drive-thru instead of typical happy meals. McDonald's has been desperate for a "healthy" fix to their unhealthy happy meal dilemma. Perhaps Disney would even partner with them again if they somehow included toys only in healthy Happy Meals?
Title: Re: BYND - Beyond Meat
Post by: DCG on September 06, 2019, 10:11:41 AM
I finally tried one of their burgers in a restaurant recently. Thought it was pretty gross. Tasted about the same as a Boca Burger and other burgers that tried to emulate meat for years. This company must be really good at marketing (or just good at promoting their stock), as I'm not sure who would eat their burgers and think they taste good.