Jim Cramer has some bad news for those who love to eat Egg McMuffins. Just take one look at the New York Times on Friday, and see an article entitled "Food Companies Fear Bird Flu May Cause Egg Shortages." However, this bad news is actually turning out to be a once in a lifetime opportunity for one privately held company.
Hampton Creek Foods specializes in creating plant-based, egg-free alternatives for ingredients such as mayonnaise and cookie dough. According to the New York Times, major food companies such as General Mills are turning to Hampton Creek for its powdered egg substitute to address the egg shortage.
Could it be possible that these big food players might stick with Hampton Creek after the shortage is over? Cramer thinks this could actually happen, considering that its plant-based mix is 48 percent cheaper than using actual eggs.
To find out if Hampton Creek can ramp up enough scale to meet demand, Cramer spoke with the founder and CEO of Hampton Creek Foods, Josh Tetrick.