#Oatly accused of overstating revenues and profit margins

#Oatly accused of overstating revenues and profit margins

“#Oatly accused of overstating revenues and profit margins” Oatly is allegedly bamboozling its investors, overstating revenues and profits even as it loses market share, according to an explosive report by a short seller. The Swedish maker of oat-based milk substitutes — which listed its shares on the Nasdaq in a splashy May debut that valued…

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#Colby would be official Wisconsin cheese under bill

#Colby would be official Wisconsin cheese under bill

“#Colby would be official Wisconsin cheese under bill” MADISON, Wis. — In cheese-obsessed Wisconsin, which proudly touts itself as America’s Dairyland, the dairy cow is the official domestic animal, milk is the official state beverage and cheese is the official dairy product. But believe it or not, in a state that produces more cheese than…

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#Oatly headed for IPO valuing it over  billion

#Oatly headed for IPO valuing it over $10 billion

“#Oatly headed for IPO valuing it over $10 billion” Shares of Swedish oat milk brand Oatly soared nearly 30 percent during the company’s public market debut Thursday. The stock began trading around 11:45 a.m. ET at $22.12, about 30 percent above the IPO price, giving the company a valuation of $13.1 billion. The Malmo, Sweden-based…

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