Hungry for tasty stock market bargains? Here are two to start nibbling on [Toronto Globe and Mail (Ontario, Canada)]
Oatly Group AB - American Depositary Shares (OTLY)
Company Research
Source: Toronto Globe and Mail
Investors are treating plant-based food producers as if they were week-old kale salads. Maybe it’s time they stopped turning up their noses. As bad as things look right now, the long-term case for betting on plant-based food hasn’t changed. Environmental pressures, health concerns and growing qualms about animal suffering are still likely to prod people toward eating more green things and fewer bloody things in the years ahead. Someone is going to profit from this trend. To be sure, there are many uncertainties, especially when it comes to timing. To that, add some ugly recent results. But the plunging stock prices of two of the leading makers of vegetarian grub suggest the market may be overreacting to temporary factors. The casualty list begins with Oatly Group AB , the Swedish maker of vegan non-dairy milk. It went public in May at US$17 a share and promptly soared above US$22 a share. Today, it has sunk to around US$8 a share – a sad turnaround for a company that seemed to be rid
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News
- How electric trucks are becoming the norm for moving cargo [CNBC]CNBC
- Oat Milk Market To Reach USD 9.8 Billion By 2032 | DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- The Malmö Oat Milkers are MiLB's newest team: What to know about the Sweden-based baseball team [USA TODAY]USA TODAY
- Oatly to Report First Quarter 2024 Financial Results on April 30, 2024GlobeNewswire
- The Real, Official Announcement of the Malmö Oat Milkers: Oatly to Form MiLB's 121st Team [Yahoo! Finance]Yahoo! Finance
OTLY
Earnings
- 2/15/24 - Miss
OTLY
Sec Filings
- 4/17/24 - Form 6-K
- 4/8/24 - Form 6-K
- 3/25/24 - Form EFFECT
- OTLY's page on the SEC website