Stock Watch
WATCH: Stock picks — Beyond Meat and Coronation
Bright Khumalo from Vestact and Chantal Marx from FNB Wealth & Investments talk to Business Day TV
Bright Khumalo from Vestact chose Beyond Meat as his stock pick of the day and Chantal Marx from FNB Wealth & Investments chose Coronation Fund Managers.
Khumalo said: “I’m going short on Beyond Meat. I think the stock is overrun. Beyond Meat make a Beyond Burger from wheat-based material and all sorts of plants. Their argument is that basically that their market is not people who are vegetarians or the likes but rather people who want to eat less meat. There’s nothing wrong with the product, I think the problem is just the evaluation, it’s beyond and unfortunately and at some point it’s going to come down and it’s going to unwind to realistic expectations.”..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.