4 ms·
I've bought and maintained holding on LW, which is in the worldwide market of potato products (french fries, etc). Reason being people would be looking for fat
by ww520 7y ago
I've bought and maintained holding on LW, which is in the worldwide market of potato products (french fries, etc). Reason being people would be looking for fat substitute when meat price goes up. Restaurants will increase their fries portion to account for the decreasing meat portion.
The trend toward plant based food also helps.
- xwowsersx 7y agoInteresting thesis! We looked at the name, but never had that thesis. Maybe same could be said for CVGW (the avocado guys)?
- ww520 7y agoWhen you look at the components of a fast food burger meal, you got: burger, bun, drink, and fries. Meat and drink stocks have been well analyzed and well brought. Bun has high substitutability and too diverse sourcing. That leaves fries. There're just a few players supplying the potato products. LW is the biggest one. Not sure about CVGW. Might be too small a market.