BYND +6.60 to 104.10 in pre-market - Beyond Meat is being hyped to the extreme. IPO was priced at $25 just a few weeks ago. Momentum players keep piling on. Meanwhile value stocks are getting dumped or ignored. Lots of convoluted action this year.
I'm tempted to buy a lot more of this but one thing holds me back.
We receive a significant amount of our revenue from a limited number of customers. For the three months March 31, 2019, Comcast and Cox Communications accounted for 68% and 20% of our total revenue, respectively.