Skip to main content

When You Should Consider Buying Beyond Meat, According to Jim Cramer

Author:
Publish date:
Video Duration:
0

Real Money Stock of the Day Beyond Meat (BYND) - Get Beyond Meat Inc. Report announced the pricing of its secondary offering.

Beyond Meat will sell 3.25 million new shares at $160 each, an 18.6% discount to Wednesday's close, but six times the IPO price. Beyond Meat said the new share offering will raise another $40 million that the company will use to expand its production facilities and boost its marketing campaign.

After seeing the Beyond Meat secondary offer pricing, is now the time to take a bite?

"All right, here's, here's the issue. It's Tesla (TSLA) - Get Tesla Inc. Report , it's Tesla. I and I would want to wait to see if Impossible is also Tesla. Tesla's unique. If you have two burger companies, it may dilute things. We've got to see. Now, remember, Impossible is GMO. All right. And I think the millennials don't like GMOs. But what'll happen is we got to see whether it's a squeeze, how much is the squeeze and how much is real. We don't want it to be Tilray (TLRY) - Get Tilray Brands Inc. Report . We don't want it to be Fitbit (FIT) - Get Fitbit, Inc. Class A Report . We don't want it to be GoPro (GPRO) - Get GoPro Inc. Report . And it might be. So if it's those, it'll really annihilate people to buy it," said Cramer.

So what should investors do? Cramer advises you to wait 10 days.

More from Cramer Today

Full Replay: Jim Cramer Breaks Down Beyond Meat's Secondary Offering and the Federal Reserve

Jim Cramer: Why More People Should Be Sympathetic to Jerome Powell

Why Jim Cramer Doesn't Think Jerome Powell Should Hold Monthly Press Conferences

Jim Cramer: Will Beyond Meat Become the Next Fitbit or GoPro?

Dunkin' Asked Me to Try the Beyond Sausage Breakfast Sandwich, So I Did


Related Videos