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Examples
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His bet on a strong recovery in the natural- and organic-foods segment helped propel him to the No. 1 spot among analysts in the food and tobacco sector for 2010.
Food & Tobacco 2011
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For years, the organic-foods segment logged annual sales gains of 20%-plus, but that growth has slowed.
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"" There really isn't any difference between organic and nonorganic as far as the risks for, say, Cyclospora or E. coli, '' acknowledges Steven Harper, a food scientist and director of research and development for Cascadian Farms, an organic-foods distributor.
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Shares of the organic-foods wholesaler were up 83 cents, or 4.4%, to 19.58 after the company's fiscal-fourth-quarter profit, excluding acquisition costs, beat analyst estimates.
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The Dayville, Conn., organic-foods wholesaler said third-quarter sales rose 21%, helped by its purchase of Millbrook Distribution Services, and it re-affirmed its fiscal-year earnings forecast.
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For the quarter ended Nov. 1, the organic-foods wholesaler said net income slipped to $13.2 million, or 31 cents a share, from $13.6 million, or 32 cents a share, a year ago.
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Interestingly, the local farmers market might be a better bet than a trendy organic-foods store.
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Even in the organic-foods niche, high energy prices are having an impact.
Green Products Gain 2008
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A longtime leader in the organic-foods movement, he was opening chef at Heartbeat, the ticker-friendly dining room in Manhattan, and is the author of two cookbooks, the latest of which comes out this month: Homegrown Pure and Simple: Great Healthy Food from Garden to Table.
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A longtime leader in the organic-foods movement, he was opening chef at Heartbeat, the ticker-friendly dining room in Manhattan, and is the author of two cookbooks, the latest of which comes out this month: Homegrown Pure and Simple: Great Healthy Food from Garden to Table.
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