Tuesday, August 26, 2014 9:18:52 AM
Older investors may walk away or not get involved because of the time horizon and the food sector is usually a boring one historically. There may not be enough younger investors willing to get in to drive share price higher. I am what you call a millenial, and most friends my age who invest are more traders. They hold equities but not for years and years at a stretch. Of course, I am probably the exception, not the rule. They seem to seek models of instant gratification (trading, job turnover, etc). Buy and hold (a la Buffet) isn't an investment adage by which to live anymore in that group. Maybe it's recession-related. hard to know for sure.
But, your point is taken, and it's a really good one. Many businesses and industries are trying to figure out these millenials....what makes them tick. They're quirky, at best.
cheers
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