Billionaire Jim Chanos’ Top 5 Stock Picks

3. Beyond Meat, Inc. (BYND)

Chanos had a $6.5 million in BYND put positions at the end of September. Beyond Meat Inc., is a producer of ‘plant-based’ meat substitutes. The company produces edible plant-based meat, in their fight with the growing global issues such as to human health, animal welfare, constraints on natural resources, and climate change.

According to a research conducted by the University of Michigan, their product, ‘Beyond Burger’, only uses 99% less water, 93% less land, 90% fewer Green House Gas Emissions, and 46% less energy compared to a 1/4 pound American beef burger. This and a lot more of their products are essential thing to the world’s transition to a greener future.

The company has a current market cap value of $7.4 billion and a sales growth of 238.77% as of its current disclosure. We recently shared Jim Cramer’s views on BYND:

“Earlier this year, financial commentator Jim Cramer made several predictions about the company in an interview, calling BYND “one of the most dangerous shorts” in the market. He said that the company’s aggressive pricing would help it to win more customers in a market, where traditional beef prices are soaring due to the pandemic-related supply disruptions.

Cramer added that Beyond Meat has the potential to become a huge success like Amazon and Facebook, which were once small-cap companies like BYND. He also said that the pandemic could change the eating behavior of people during the pandemic and they may permanently switch to plant-based meat from traditional beef, pork, and chicken products.”