Forget Beyond Meat -- Invest in Spotify Instead
Beyond Meat Inc (NASDAQ: BYND) investors have been in awe of the company's ability to grow since its IPO. Revenue was up 250% in the third quarter of 2019 to $92.0 million, an incredible pace for any company. But it's still expected to lose money in 2019 and shares trade at 17 times full-year expected revenue, a hefty premium for growth.
Given the competitive landscape in food and the low-margin nature of the business, I think investors should look at a company that may have a more durable growth path. And I think Spotify (NYSE: SPOT) is the stock that has a lot going for it in 2020.
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Source Fool.com
