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> If they could magically ... it would take 20+ years ... It's worse than that - 10% profit on $300M sales is only $30M/year. Vs. "risk-free" US Treasury bond
by bell-cot 1y ago
> If they could magically ... it would take 20+ years ...
It's worse than that - 10% profit on $300M sales is only $30M/year.
Vs. "risk-free" US Treasury bonds currently yield 4% to 5% - so parking $1B there would earn you $40M to $50M per year.
Nobody's insane enough to loan money to Beyond Meat at US Treasury rates. And even if someone was - Beyond would still fall deeper into debt every year, because they couldn't even keep up with the interest.