Although demonization of Omega-3 could be bad for the company's fish-oil business, the company generates nearly 70% of revenue from the sale of fish meal, which is used for animal feed. Last year, just 8% of revenue came from dietary supplement ingredients. Still, it will be interesting to see if there is a delayed reaction to the new Omega-3 controversy.
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What a week. Down is up, and up is down. Reminds me of the Seinfeld episode in which George Costanza did the opposite of what he'd normally do, with great success. I wonder what's next?
Fatty foods are actually good for you? Soda has health benefits not previously realized? If that were the case, would Mayor Bloomberg (for whom I had great respect for his incredible private sector vision during the 17 years I worked for Bloomberg Financial Markets) reverse course and mandate that soda be sold in no smaller than 16 ounce containers?
I just don't know what to believe anymore.At the time of publication the author held no positions in any of the stocks mentioned. Follow @JonMHellerCFA This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.