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<blockquote data-quote="HDRider" data-source="post: 1709678" data-attributes="member: 17025"><p><a href="https://www.cnbc.com/quotes/BYND" target="_blank">Beyond Meat</a> has taken another dive after warning on third-quarter sales.</p><p></p><p>The alternative meat company fell 12% to close out last week <a href="https://www.cnbc.com/2021/10/22/beyond-meat-stock-tumbles-14percent-after-lowering-third-quarter-revenue-outlook.html" target="_blank">after blaming the Covid-19 delta variant and a drop in retail orders for weaker revenue</a> than expected ahead of its official quarterly release scheduled for early November.</p><p></p><p>The stock is down nearly 60% since a January peak and still well off an all-time high above $230 set in mid-2019. It traded at less than $96 on Friday.</p><p></p><p>"The company is really misunderstood here in some ways," Schlossberg told CNBC's "<a href="https://www.cnbc.com/trading-nation/" target="_blank">Trading Nation</a>" on Friday. "There's a future for the company but it really doesn't lie in meat. <span style="color: rgb(184, 49, 47)"><strong>Its meat product is OK, let's admit it. </strong></span>… <strong>The future of all of these products is actually going to be much more in synthetic poultry and pork."</strong></p><p></p><p>He said the texture and taste is easier to replicate with poultry and pork compared with beef. Beyond launched its Beyond Chicken line in Canadian and U.S. restaurants in July and <a href="https://www.cnbc.com/2021/09/27/beyond-meat-chicken-tenders-to-debut-in-grocery-stores-next-month.html" target="_blank">expanded it to select grocery stores this month</a>.</p><p>[URL unfurl="true"]https://www.cnbc.com/2021/10/25/beyond-meat-falls-60percent-since-january-why-this-stock-is-misunderstood.html[/URL]</p></blockquote><p></p>
[QUOTE="HDRider, post: 1709678, member: 17025"] [URL='https://www.cnbc.com/quotes/BYND']Beyond Meat[/URL] has taken another dive after warning on third-quarter sales. The alternative meat company fell 12% to close out last week [URL='https://www.cnbc.com/2021/10/22/beyond-meat-stock-tumbles-14percent-after-lowering-third-quarter-revenue-outlook.html']after blaming the Covid-19 delta variant and a drop in retail orders for weaker revenue[/URL] than expected ahead of its official quarterly release scheduled for early November. The stock is down nearly 60% since a January peak and still well off an all-time high above $230 set in mid-2019. It traded at less than $96 on Friday. "The company is really misunderstood here in some ways," Schlossberg told CNBC's "[URL='https://www.cnbc.com/trading-nation/']Trading Nation[/URL]" on Friday. "There's a future for the company but it really doesn't lie in meat. [COLOR=rgb(184, 49, 47)][B]Its meat product is OK, let's admit it. [/B][/COLOR]… [B]The future of all of these products is actually going to be much more in synthetic poultry and pork."[/B] He said the texture and taste is easier to replicate with poultry and pork compared with beef. Beyond launched its Beyond Chicken line in Canadian and U.S. restaurants in July and [URL='https://www.cnbc.com/2021/09/27/beyond-meat-chicken-tenders-to-debut-in-grocery-stores-next-month.html']expanded it to select grocery stores this month[/URL]. [URL unfurl="true"]https://www.cnbc.com/2021/10/25/beyond-meat-falls-60percent-since-january-why-this-stock-is-misunderstood.html[/URL] [/QUOTE]
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