MGP Ingredients Stock Discussion

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.

The war has triggered a huge spike in wheat prices, with Russia and Ukraine among the biggest exporters of the commodity. Many countries have banned wheat, as well as other food exports as a result of the Ukraine crisis.
“As the war continues, there is a growing likelihood that food shortages, particularly of grains and vegetable oils, will become acute, leading more countries to turn to restrictions on trade,” sai...

What happened?
When Russia, the world's largest exporter of wheat, attacked Ukraine, the world's fifth-largest exporter of wheat earlier this year, the world's global food supply chain had a backup plan in place. That plan just fell through.
Over the weekend, India, the world's second-largest producer of wheat announced it was banning wheat exports last Saturday.
So what？
In common belief, a shortage, in the sense of an excess of demand over supply, is t...