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Technology Stocks : Impossible Foods and Beyond
BYND 155.02+4.8%Sep 25 4:00 PM EDT

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To: SI Ron (Crazy Soup Man) who wrote (48)6/9/2019 10:20:13 AM
From: Glenn Petersen3 Recommendations

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SI Ron (Crazy Soup Man)

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zax put up the Impossible Foods board prior to the Beyond Meat IPO. Perhaps he should expand the title and scope of the board to include both companies. An Impossible Foods offering is inevitable. Even though they deny that they are considering it and have not had any problems raising private equity, the Impossible Foods people have to be seriously considering going public. Irrational exuberance does not last forever and they have a fiduciary duty to their shareholders to exploit the current market conditions. The pricing of the Beyond Meat left a lot of money on the table. The underwriters, who had to know the extent of the demand for the offering, screwed the company. Impossible Foods does not have to repeat that mistake.

Kudos to zax for recognizing the “meatless meat” trend.
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