That's an absurd valuation. But many believe the stock could keep running. That's because the company is supposed to radically change how people eat.
Personally, I think BYND's a bubble that will pop any day now. But I was interested in the big trend here of plant-based meat. So, I got Doug Casey on the phone to see what he thinks about BYND and the future of food…
Justin: Doug, there's a lot of hype around Beyond Meat right now, and for good reason.
Its stock is up around 500% since the company went public in May. Not only that, Whole Foods' CEO recently described Beyond Meat as the future of food, saying, "You have a business here that is real and that is in the early innings."