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The Trump administration has unveiled a new food pyramid that puts meat and cheese at the top, alongside fruits and vegetables, and calls for fewer highly processed foods.
Over the last 12 months, Beyond Meat ( BYND +2.46%) stock has cratered by around 77%. With a market cap of $400 million and a recent share price of just $0.77, it is firmly in penny stock territory -- a far cry from its peak of around $235 reached in 2019.
The Trump administration released new dietary guidelines on Wednesday, pushing Americans to prioritize protein and cut back on added sugars and processed foods.
Make no misteak — this is an unsavory obsession. Florida tattoo shop owner Wendy Marshall is so fond of raw meat that she scarfs 2 pounds of it daily. Ground chuck, cold cuts, whole roasts, porterhouses, the bloodier the better — Marshall devours it all.
“While it’s relatively easy to grow animal cells for mass food production you need to be able to grow them on something cheap, edible and that preferably provides a structure that resembles real meat,” study co-author and UCL medical researcher Richard Day explained in a statement.
The fundamental weakness of the business is one of the primary reasons the company has fallen into penny stock land. The other big reason is that Beyond Meat has yet to turn a full-year profit. It's essentially a money-losing start-up with a struggling core business. All but the most aggressive investors should probably steer clear of Beyond Meat.
“Meat sweats” is a colloquial term that describes a physiological response to consuming a large quantity of meat. When a person experiences meat sweats, they perspire excessively shortly after eating a substantial amount of meat. When an individual ...
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