No way. This company has been making a huge turnaround. Volume is also increasing. Like just about every other "natural foods" company, Tofutti will eventually skyrocket. If nothing else, a buyout will take place, although given the nature of the owner, I'd look for this company to continue growing on its own. The company too is still recovering (amazingly well) after parting ways with Trader Joe's.
Your argument is the same one that was made 10 years ago. This company cannot make money. It's quite amazing, given the enormous increase in demand for non-dairy and vegan products. Even more amazing is that this stock is up to 3.5 -- astonishing and senseless.
A huge turnaround? I must have missed it. Their sales are down for both the last two quarters y/o/y. Their sales have been going down for years. They finally eked out a 2 percent rise in sales this year, but still couldn't post a profit.
As a matter of fact, they lost more money this year than last year. They have posted a profit once in the last nine quarters.
If this company was profitable and growing quickly it might be a viable buyout candidate, but that's not the case here. Not even close.
The best this company has done in the last 10 years is post a profit of 10 cents per share.
Do yourself a favor and concentrate on companies that are profitable.