-Trend away from meat products should help benefit Mowi’s big salmon business

-Salmon demand growing 7% but supply only 3%

-Stock could rise 40% or more

One of the biggest surprises in the U.S. stock market this year was the IPO for Beyond Meat (BYND), which I wrote about on this website May 30th.  From the IPO price of $25 that stock has soared to over $200 per share, confounding skeptics and burning shorts. BYND is a pure play on the idea that consumers, particularly young ones, are moving to a diet that is low on or avoids meat products.  The reasons usually are environmental or health-based.

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I doubt there will be another BYND-like jump for any stock in that space as the secret is out. But what about adjoining spaces? For example, the trends supporting the craze for BYND products don’t necessarily stop at meat, as I’ll explain below.

Another company that could exploit some of those trends—albeit at a different level—is Mowi ASA, a Norwegian seafood processor and fish farming company. This stock, which admittedly has done pretty well in the past five years—up 150% in local currency terms—could do well in the next few years if trends away from meat are sustainable.  Mowi (MOWI NO) trades on the Oslo Exchange and as an OTC ADR (MH...

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