Better Buy: Tyson Foods vs. Beyond Meat
Both the real meat and fake meat industries are dealing with major challenges. Tyson Foods (NYSE: TSN), one of the leading meat processors, is struggling to cope with slumping prices and rising costs. Beyond Meat (NASDAQ: BYND), a fake meat pioneer, is seeing sales volumes dry up as consumers turn their backs on pricey meat alternatives.
Shares of both companies have been pummeled over the past year, with Tyson stock down 36% and Beyond Meat stock down 50%. Should investors consider either stock? And if so, which one?
For the most part, Tyson's core products are commodities. The company sells beef, pork, and chicken, and pricing for these products is largely based on supply and demand. In an inflationary environment where grocery prices are on the rise, consumers are thinking more carefully about what they put in their carts. Buying less meat, or trading down for cheaper cuts, are always options.
Source Fool.com
