Was Jim Cramer Right to Warn Investors Against Buying Beyond Meat (BYND) a Year Ago?
We recently published a list of . In this article, we are going to take a look at where Beyond Meat, Inc. (NASDAQ:BYND) stands against other stocks that Jim Cramer discusses.
Back in that segment, a viewer curious about alternative meat stocks asked about Beyond Meat, Inc. (NASDAQ:BYND) as a potential long-term play. Cramer dismissed the company outright, favoring a more conservative food stock:
'No. Don't own that — way too risky. I'd rather have you own Hormel down here. I think it's a better play.'
Great call. The stock has sunk by -59.02% since those comments.
Workers bottling plant-based meat products on an automated production line.
Beyond Meat Inc. (NASDAQ:BYND) develops plant-based meat substitutes designed to replicate the taste and texture of animal products while offering environmental and health benefits.
Recently in May, a caller asked Cramer if they should buy the stock at these levels, to which Cramer replied with another straight-forward:
'No, don't want to own that. Way too risky.'
Overall, BYND ranks 8th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of BYND as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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