Is obesity a form of malnutrition?

After reading this article, it got me thinking -- is obesity a for of malnutrition? After all, many cases of obesity are due to the overindulgence of foods that can't be properly digested and absorbed by the human body. Since the body does not know what to do, it stores all that consumption in the form of an obese body.

It's hard to state that most processed foods and refined carbohydrates these days are nutritious -- in fact, they are far from it. You may eat a large quantity of food, but your body is not getting anywhere near the actual nutrition it needs to work at an optimum level.

Hence, being obese can actually mean you are malnourished in many, many ways. As the saying goes, quality is way better than quantity, yes?