Tuesday, 30 November 2021 11:16

Peak plant?

Written by The Hound

font size decrease font size increase font size
Print
Email

OPINION: The Hound suggests all the hype around the potential commercial success of plant-based meat alternatives is starting to hit the wall of reality.

Beyond Meat - the plant-based 'meat' maker - recently reported disappointing third-quarter results.

The company has also issued a gloomy outlook that indicates sales won't snap back immediately.

Financial analysts like JP Morgan and Credit Suisse are now backing off their earlier calls to invest in Beyond Meat, downgrading the stock and telling investors to not buy.

"We view the results as further evidence that Beyond's business is reaching market saturation faster than expected and that the company has deeper problems that won't be easy to fix," Credit Suisse analyst Robert Moskow wrote in a not to clients.

JP Morgan's Ken Goldman told investors that "it's hard to be completely confident about the future of the category".

More like this

True Reflection?

A fair question has been raised about how member-funded organisations should conduct themselves when taking a public position on any given issue.

Stuffed!

The canine crusader always has his nose in the air for more media maleficence, so was pointing as soon as he saw the Stuff headline: ‘Wellington residents respond to PM saying he doesn’t need his job!’.

Civil Circus!

OPINION: It really is getting harder to lampoon government bureaucrats when they do such a good job of it themselves.

Anyone in the primary sector will know about the clowns covering the countryside in the red tape we all have to wade through.

Spare a thought then for media outfit Stuff who were threatened with fines up to $200,000 by a snivelling civil servant from the MoH for illustrating a quiz question with a photo of part of the cover of a 45-year-old copy Playboy.

As Stuff notes, “It wasn’t the Playboy cover which caused offence. No, it was the back page which… featured an advert for a cigarette brand”.

As Regulations Minister David Seymour notes, “The real scandal here is, well, no wonder we’ve got problems in healthcare when they’re doing the Stuff quiz during work time.”

Ewe Zealand First

OPINION: After all the criticism that Winston Peters leveled at the India/NZ FTA, it seemed just a trifle ironic to the Hound that the first NZ politician to visit India after Prime Minister Modi's visit was a member of the Ewe Zealand First party.

Faking it

OPINION: Demand for red meat is booming, while it seems the heyday of plant-based protein is well past its 'best before' date.

Featured

Te Pari Acquires NZ Sheep Handler Brand Combi Clamp

Oamaru-based livestock handling specialist Te Pari has bought Combi Clamp, the New Zealand manufacturer of Combi Clamp manual sheep handlers.

RSE Scheme Changes Coming - McClay

Agriculture Minister Todd McClay has admitted that a scheme bringing workers from Pacific nations to work on orchards has become too hard to navigate but says changes are coming.

New App StockScore Digitises Livestock Condition Scoring

A new app designed in New Zealand aims to help sheep, beef and deer farmers capture, analyse and use body condition score data more effectively.

Andy Macfarlane Joins AgriZeroNZ Board

Canterbury farmer Andy Macfarlane has been appointed to the board of AgriZeroNZ, the public-private partnership designed to accelerate the development and deployment of emissions reduction tools for New Zealand farmers.