A2M: Can a milk producer be a growth stock?
From 2015 to 2020, A2 Milk (ASX:A2M) grew its market capitalisation from about $200 million to $20 billion. They produce milk. And milk products. Not AI or other high tech wizardry. Just the most generic of products, milk. Food products are not typically high growth. People do not start eating a lot more than they used to just because a new product comes out. Aside from a small amount of change due to population growth and the trend to eat more protein as wealth increases, the success of one food... Читать дальше...