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US: Are companies that deal in organic a good investment?

The organic food industry is growing like a weed. It’s not terribly hard to do considering before 2002 there was no such thing as “organic” by FDA standards, but forecasts showed consumption of organic food jumped 11% between 2011 and 2012 – the last known read. That means Americans are shelling out some $28 billion a year on organic food.

But does that mean the companies that deal in organic are a good investment? Brad Lamensdorf from the Ranger Equity Bear ETF says no. As far as specifics, he’s calling out United Natural Foods (UNFI) – a major supplier to Whole Foods (WFM), the godfather of the organic food movement.

“Whole foods has had a lot of trouble recently, though,” points out Lamensdorf.

Click here to read the complete article at c.a.finance.yahoo.com.