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3 Reasons to Avoid Beyond Meat Stock Like the Plague

TheMotleyFool

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3 Reasons to Avoid Beyond Meat Stock Like the Plague: https://g.foolcdn.com/editorial/images/772613/three-friends-eating-burgers-outdoors.jpg

If a stock price gets low enough, it can be tempting to consider buying some shares. Beyond Meat (NASDAQ: BYND) certainly qualifies as a discounted stock right now. Shares of the plant-based meat specialist are down over 50% in the past year and are 95% below their pandemic-era highs.

The business had a market capitalization of $12 billion back in 2021 but is now valued at below $500 million. That's quite a fall for one of the biggest brands in this popular food niche.

Don't let that discount tempt you into buying Beyond Meat shares in hopes of seeing a quick rebound, though. Let's look at some good reasons to stay away from this cheap stock for the time being.

Source Fool.com

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