No qualifying author-owned investment thesis was confirmed in this post.
The author explicitly states they are not taking a position and are asking for help modeling the company, failing the requirement for an own directional investment judgment.
Comments28
▶ Full Post Text
I actually tasted their meat and I personally like them. I understand why some people would hate it cuz it taste more like mushroom than meat. But I see it in Costco, and Whole Foods, and even a local fancy grocer close by. It’s got reach for sure. And I imagine they have a following for those who are vegan or support esg environmental stuff.
Price wise, they had their pump and dump this year and it looks like price has stabilized. So I don’t think there is any “hype” premium at least. Right now they are a 322 million market cap business with a trailing sales of 326 million. So P/S below 1 but it’s worth noting that topline is shrinking. But it also looks like they are sizing down to lower the earnings loss too.
On yahoo finance, it shows that the insider trading for the last 6 months resulted in 44 million shares net purchased vs sold. So that probably means management is bullish? Not sure. Curious if anyone has modeled this company out. Dcf probably won’t work so probably have to assign a ev/ebitda multiple or do a comparable analysis.