During his time as a hedge fund manager Paul Mampilly was in charge of multi-million dollar accounts. He won a number of investing awards and was sought out by some of the biggest hedge funds and financial institutions on Wall Street. He continues to research what companies to invest in and supplies this information to his readers.
He thinks the next big opportunity to invest in is food companies. The reason why is that the millennial generation is huge and is largely unable to cook for themselves. Both of their parents often worked and they were left to fend for themselves when it came to dinner time. He says that many innovative food companies are now catering to non-cooking millennials and he views it as a big opportunity for investors.
Paul Mampilly says that his research shows that those in the millennial generation spend more money eating out at restaurants than any other generation. They spend on average $50 a week buying restaurant food whether that is eating out or doing take out. Now that they are having kids themselves they are needing to come up with ways to feed themselves at home.
He sees food delivery companies as a great investment. These companies, like Blue Apron and Plated, come in packages where everything is already pre-cut and measured. Paul Mampilly says that people just need to follow simple directions and they can get a great dinner on the table for their family by using these services.
He points out that millennials are highly educated and can spot trends. They have seen that the obesity rate in America is out of control and that other health conditions like diabetes are on the rise. They are turning to the food delivery companies not just because they’re more convenient but also because the food is healthy and nutritious.
Paul Mampilly feels that now is the perfect time for investors to buy the stocks of the food delivery companies. He thinks they will really take off as they increasingly cater to specialized diets such as paleo, vegan, and vegetarian.