The Sky Has Fallen
The movie is actually about a fallen piece of sky cause Aliens (guys from the sky) land; it’s from their spaceship. I don’t remember if it was a full scale Alien invasion in the film. It was a Disney one, so, I think not.
Anyhow
Earlier this week Zerohedge had an article about Tyson Foods: https://www.zerohedge.com/markets/tyson-foods-warns-low-income-consumers-are-cracking-under-inflation. They process meat, mainly chicken, and supply meat products to restaurants and fast food chains. The company acknowledged American consumers are breaking under the strain of inflation, to quote: (…) the consumer is under pressure, especially the lower-income households. And in retail, we're seeing roughly 20% cumulative inflation over the last three years."
"Now the inflation impact coupled with historically low savings rates has created a more cautious, price-sensitive consumer. And we're also seeing a cautious consumer prioritize essential staples over discretionary categories.
People are not, and have not, been buying meat, in particular, chicken. Not at the grocery store. Not at McDonalds. Haven’t been for a while. Showing up in share price, now.
Illustrating the impact of Inflation on consumer behaviour.
Tyson says.
People don’t have discretionary monies and their consumer absence in stores, supposedly, is showing up in the resulting share price. It’s falling.
The same day the ZeroHedge article appeared Tyson Foods stock dropped noticeably on the Dow Jones/ stock market. Bad news coming. So, it makes sense? The customer news did affect share price? But, it has been going on for awhile.
Maybe the article was a prediction? Forewarning? Or, an example of share manipulation?
Bezinga, an investor newsletter, has covered the rise and fall of Tyson Food SHARE price: https://uk.investing.com/news/stock-market-news/tsn--analyzing-tyson-foodss-short-interest-3482835. Particularly, it covers the stock movement from a short position. It’s the gambling aspect to investment (speculation), and a demonstration of the priority of Share Holder Value.
The share price of a company is more important than company, and what it does, the share represents.
Basically, investors made money despite, better, with, the Tyson share price drop. They profited coming and going.
Tyson Food Shares have regained their share price. And, thus ended the short term speculation? And, the actual consumer impact brief.
Barely noticeable. Customer impact barely noticeable?
A few days before the ZeroHedge article and which I did not see in the regular press, Nebraska Public Media had the following article: https://nebraskapublicmedia.org/en/news/news-articles/report-tyson-foods-released-371-million-pounds-of-pollution-into-us-waterways-including-nebraska
Tyson Foods is a HUGE polluter.
It pays fines rather than fix things, to quote: The report does note the $2 million criminal fine Tyson paid in 2018 for violating the Clean Water Act in Missouri and the $3 million settlement in 2021 over illegal wastewater discharge that killed hundreds of thousands of fish in Alabama. Tyson’s annual revenue in 2023 was more than $50 billion.
But what really caught my attention:
When you’re able to have that kind of wealth concentrated in a company, they are not deterred by the fines that the current structure of the systems have in place,” McGinnis said. “We know there’s other large-scale companies like Tyson.
In the States, monopolization enables companies to become too big to fail. Or to criticize. And, become big enough to push politicians around to avoid doing business by the rules.
Thus, guaranteeing the privilege of that business class. And, subsequent DOMINANCE.
Think also of FACEBOOK, Exxon, Microsoft, Alphabet, Boeing…
Avoiding playing by the rules.
And, getting away with metaphorical murder…
It made me also think of Loblaws, here, and its compatriots, and how our politicians pay lip service to competition.
Being a monolithic company stifles competition. Too big to fail? Or, really, too lazy to work because monopoly also inhibits innovation. Share Value is just made up because it differs from the value a company’s stock is supposed to represent.
And that’s just taking.
I suspect the sky has fallen because WE all know what the deep pocketed people are doing and can no longer be distracted by shiny lights in the sky, think MET gala.
On earth, doing things actually matters.