Long term shareholders have made a gain of 2% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering.
MGP Ingredients outperformed Wall Street's estimates this quarter, with its premium branded spirits portfolio growing by 50% YoY. However, its full-year revenue guidance missed expectations. Overall, shareholders should feel optimistic. The stock is up 2.2% after reporting.
MGP's President and CEO, David Bratcher, believes that Pasagic's experience and strategic view of the business will be critical in driving the next phase of growth for MGP.
The Chairman of MGP Board, Karen Seaberg, has expressed satisfaction with the David's appointment to the board and is confident in the continued growth of MGP under his leadership.
Due to its lower PE ratio and promising profit outlook, it seems apt to augment holdings in MGPI stock. The prospective profit scenario is not fully reflected in the present share price, indicating it's not too late to invest.
MGP Ingredients Stock Forum
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$MGP Ingredients (MGPI.US)$ E...
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