The plant-based meat specialist's stock was down 29% through early December even as the wider market rallied. A lot has changed in that period, but the most impactful shift has been weaker consumer demand for plant-based meat alternatives.
Investors should be prepared for Beyond Meat to cease to exist as it does today over the next five years.
It's a great time to buy top stocks at low prices before they start soaring, but it's important to know the difference between undervalued stocks and stocks that are cheap because pessimism is appropriate. With that in mind, I'm going to recommend an undervalued stock to buy and a cheap stock to avoid, both in the food industry. A few stocks from 2021 caught investor attention quickly, but you can be forgiven for not noticing some of stocks with great potential that faded next to the hype of others.