Hype behind Beyond Meat has been strong in IPO of stock soaring 170% on first trading only after IPO was priced up. I noticed this article on Seeking Alpha about it by Ian Croci https://seekingalpha.com/article/4260309-looking-value-great-beyond-meat
He values the company to be worth about 3.6 billion. It is now trading at 3.9 billion. However even if overvalued slightly, it does not seem to make sense after accessible marked is estimated. Optionbull commenter noted that size of beef market in US is 60 billion per year. The company would have gain 25% of the beef market to get the needed cashflow in 10 years. Something tells me that there won’t be just one vege protein stake option in the markets.
Despite my view, I strongly am against of shorting against stocks like these because they are hype stocks. Market can stay crazy longer than I can stay solvent. Some stocks get free pass on numbers like Tesla from the market but not from me.
Trump and Chinese negotiates have made great progress on trade talks. Tariff hikes that were supposed to become effective next month are postponed. This gives a signal that both sides see same positive conclusion.
Chinese stocks and economy have been hit hard during the battle. I see this as good opportunity buy into Chinese market with selected stocks. I have not planned this well so for now I am looking to initiate positions on AABA, WUBA, TCEHY.
Cannabis stocks are again very popular as progress in legalization is progressing globally quit fast. I have invested a large sum to IIPR , Innovative industrial properties, a cannabis REIT. But now I have found interesting stock related to the industry.
EnWave Corporation licenses, builds, and installs commercial-scale dehydration platforms for applications in the food, pharmaceutical, and industrial sectors to manufacturing companies in Canada. Their customers are now also to within cannabis industry.
Typical products to use technology are dried foods
I am a fan of decentralization of social media and I have added Steemit platform integration to the blog. Steemit is cryptocurrency based blogging service with their own set of rules and monetization with steemit coins. This means that users have power to vote good content and creators get some income from making good content. You should be able to use my Steemit site as alternative for this blog if you want. Good thing about Steemit is that there is no ads but I still have chance to make some small income from blogging.
Also related to decentralization, I have mind.com page which is Facebook like decentralized social media platform. My page there is mixed in content but focus is more on photography and art. A great community also there. Check it out.