I have been looking at this company for a while. I would like anyone here that's in the food processing business, or perhaps someone from USDA's FSIS or APHIS, to give their opinion about irradiation. Given public opinion, will this type of tech survive?
I am not a government employee nor do I work in the food industry. I am someone who keeps himself aware of current developments.
The food industry has not demonstrated an ability to eliminate food-borne contaminants such as e-coli, listeria and salmonella. The consumer public has not demonstrated an ability to take certain precautions, such as thorough cooking of food, to destroy these contaminants.
As a result, each year hundreds of thousands of people become sick from the food which they eat, and a certain number actually are killed. It is extremely unlikely that conventional means of sanitation, etc., will do what is necessary since the negligence in the industry is virtually built-in.
Therefore, only irradiation of the food will have the effect of eliminating virtually all of the danger presently threatening the consumer public from food-borne contamination.
Irradiation works. It should be as prevalent as pasteurization for milk. If that happens, and if this company's management does not detroy the company in the interim, this stock still has promise.