Why Economic Pressure May Build Against Zomedica

InvestorPlace2021-09-08

ZOM stock doesn’t trade in a vacuum unfortunately. On the front-facing side of things, you might not find a better no-brainer (albeit highly speculative) narrative thanZomedica(NYSEAMERICAN:ZOM), the...

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jefftt
2021-09-08
jefftt
like
- koolgal:
  ??
Angelinvest
2021-09-08
Angelinvest
More people choose to have pets than kids.
Timjoe
2021-09-08
Timjoe
Not sure man
crumpled
2021-09-08
crumpled
Like
- ApacheFire:
  Yes

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Previously driven by intense meme pressure, ZOM stock found itself providing blistering returns before it all went sour.\nUnlike other meme trades that made folks scratch their heads, Zomedica at least commanded a credible bullish theory. AsYPulse.compointed out one year ago,76% of millennials are pet owners(or pet parents to use the common lexicon). Amid this demographic, more than half reported they have dogs and 35% stated they have cats. So, just on a numbers basis, ZOM stock looks promising.\nAnother encouraging factor? YPulse reports that millennials represent the largest living generation. Also, considering that they’re also thelargest generation in the U.S. workforce, just do the simple deductive exercise. Millennials are making money, with many in or entering their prime earning years. Combined with their youth, ZOM stock potentially has a long pathway of profitability.\nSo, why has Zomedica been so disappointing over the last six months? During this period, ZOM stock shed nearly 70%, which is disastrous no matter how you look at it.InvestorPlacecontributor Muslim Farooque clearly picked up on the crimson tone of Zomedica shares, blaming the underlying company’s“poor financial performance.”\nSpecifically, Farooque warned about supply-side troubles, noting that “CEO Robert Cohen highlighted the troubles in ramping up the commercial launch of Truforma in the second-quarter update.” Furthermore, my colleague explained that Cohen “associated the supply-side weaknesses with its partners. Itsdistribution partner, Miller Veterinary Supply was acquired by Patterson Companies recently. The unexpected sale of its key distributor has compelled the company to alter its sales strategy.”\nTherefore, while not helpful in the near term, I think there’s a more worrying longer-term headwind to consider.\nEconomic Forces May Put ZOM Stock in a Bind\nAdmittedly, any pet-based equity unit is likely to have strong investor enthusiasm because of the powerful millennial catalyst. But what prospective buyers of ZOM stock must be aware of is that such catalysts do not operate in a vacuum and are far from invulnerable to outside pressures.\nFor instance, YPulse states that “Over two in five 16-34-year-old pet owners say that they think of their pets as their kids, and the same number say that spending more time at home [due to the pandemic] has made them closer with their pet.”\nThat said, how could anyone be bearish about ZOM stock with that kind of consumer bullishness? Easy. The survey likely bakes in the assumption of normal times ahead once the public health crisis fades. But the real question you should be asking is this: what happens if we never go back to normal?\nIn 2017,NBC Newsprinted an interesting headline: “One Big Reason Millennials Are Buying Homes? For Their Dogs.” A Harris Poll on behalf of SunTrust Mortgage “found that 33 percent of millennial home buyers’ decision to buy a home wasdriven chiefly by their dog. Furry friends outranked wedding bells (25 percent cited marriage as their top motivator for buying a home) and kids, too (only 19 percent said birth of a child was their prime incentive).”\nOn an initial reading, that sounds very lucrative for ZOM stock. But again, researchers conducted this poll in 2017. We’re living in far different circumstances right now.\nFrom the timeNBC Newspublished its report to May 2021, the S&P/Case-Shiller U.S. National Home Price Indexjumped nearly 32%. Homes are simply not affordable right now, particularly for those pet-loving millennials.\nNow, it’s clear that young people are interesting home ownership. If so, something’s got to give.\nCost Cutting Is Where It Hurts\nI’m not suggesting that millennials will abandon their pets like many people did during the Great Recession. Then again, when push comes to shove under another economic crisis, you can’t take this scenario completely off the board.\nBut a more realistic outcome is that millennials will simply start to cut back on their expenses. Veterinary care might be one of those items. In fact, this worrying trend for ZOM stock is panning out according to data from the American Pet Products Association.\n“Of the four segments that the APPA covers,vet care and product sales have risen the leastin terms of YOY growth,” I wrote in July.\nSo, even if the meme traders manage to pull another near-term blast for ZOM stock, I’d be careful. Unless you see robust economic times ahead, the surrounding pieces for Zomedica are not aligning favorably.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":889080640,"gmtCreate":1631091268380,"gmtModify":1676530465170,"author":{"id":"3583057062119819","authorId":"3583057062119819","name":"jefftt","avatar":"https://static.tigerbbs.com/6bd621880c70630553bf57418e846287","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583057062119819","authorIdStr":"3583057062119819"},"htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/889080640","repostId":1198596381,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5901918,"gmtCreate":1631870571055,"gmtModify":1663234019132,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"currentWearingBadge":{"badgeId":"c4ee29b388ff41cc8462b3b7ea00d1e2-1","templateUuid":"c4ee29b388ff41cc8462b3b7ea00d1e2","name":"Monthly 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people choose to have pets than kids.&nbsp;","listText":"More people choose to have pets than kids.&nbsp;","text":"More people choose to have pets than kids.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/889035870","repostId":1198596381,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":880746545,"gmtCreate":1631086874687,"gmtModify":1676530463724,"author":{"id":"3559438972700266","authorId":"3559438972700266","name":"Timjoe","avatar":"https://static.tigerbbs.com/381bdc673d91899ab697655314c737c4","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3559438972700266","authorIdStr":"3559438972700266"},"htmlText":"Not sure man","listText":"Not sure man","text":"Not sure 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