I Made a Quick 19% Profit with Beyond Meat!

Quick in and out on a long term play!

If you had the chance to read one of my other stories (see below), you know I mainly focus on saving & investing topics.

Today is not the case!

Is possible that for most of you, Beyond Meat (BYND) does not ring a bell. This company is developing the meat of the future, which is plant-based but it tastes and feels just like real meat.

I strongly believe that will be the future. I do see people around me reducing their meat intake and the vegetarian movement is really growing strong. It is and it will be a booming industry!

My wife has completely stopped eating meat and I am following the same path.

On the financial side, BYND had revenue of $81million in 2018 and is growing double digits. The possible market for plant-based products is estimated at $40 billion in 10 years in the US only. Now imagine a very likely overseas expansion.

Since it’s IPO on May 2, the stock had quite a run from $25 a share. I had open a position on the stock yesterday at $68.81 with 20 shares, conscient of the risk of betting on recent IPO’s (just look to Lyft).

Entry: $68.81

The stock exploded hitting $83 and found a small resistance. It pulled back to $81 and I’ve put a sell order just below the all-time high at $82.01.

Exit: $82.01

Profit = (82.01*20)-(68.81*20)=$264

ROI = 19.18% (excluding fees and exchange rate)

This was a quick gain on a stock with no trading history.

I will keep an eye on it for the next days hopping for a pullback in the coming days. I do wish to turn it into a long term investment but not without earnings to confirm a bull thesis.

As for the trend, the momentum is quite strong and maybe there is still some upside before pulling back to strong support which currently does not exist.

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Disclaimer: I am not a financial advisor. Always do your own research when investing in stocks.