OTLY - 2 Plant-Based Food Stocks to Avoid
One of the biggest trends in the food industry is plant-based processed foods. These include non-diary "milks" that can be added to coffee and cereal, and pea or soy-based "meat" that aims to mimic the taste and texture of the real thing. It seems like new products are popping up every day.
While it can be tempting to invest in this industry, the biggest publicly traded players don't look like great investments to me. Here's why oat milk pioneer Oatly (NASDAQ: OTLY) and fake meat leader Beyond Meat (NASDAQ: BYND) don't belong in your portfolio.
Image source: Oatly.
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2 Plant-Based Food Stocks to Avoid