RE:Numbers just don't add upAgree. This has been something very interesting to watch in the past few years. I was worrking at kelloggs when this stock was listed and man was the company upset! Kellogg's had JUST launched their meat alternative options.
today, there is a million different companies giving you meat alternatives. the competition is stiff and even big giants like Maple Leaf are expecting a big drop in growth in this category.
navajojoe wrote: The company will have to grow revenue from $100 million per quarter to over $500 million just to break even, as their costs are simply too high.
Meanwhile, competition grows every day, so their prices will have to come down, making that break even point even harder to achieve.
And by now, most people who might want to try meatless products already have, so where is the growth going to come from.
There is simply no reason to own this stock,.