Oh dear, oh dear, it would appear that Wall Street is souring on plant-based substitutes for meat products. Shares of Beyond Meat and Oatly, the ersatz milk, have shed more than half their value this year. The stocks are both recent entrants to a market prone to big jumps and sharp declines in value. Beyond Meat trades 87% below its all-time high, and Oatly trades more than 80% below its debut price. Industry experts say the declines may mark an inevitable shakeout as investor optimism meets reality. In other words...
Shut up and eat your meat...