MGPI MGP Ingredients
Under legal issues for securities disclosure issues (or shareholders wanting to re-coop losses)
Not sure if inventory disclosure issues really impact a businesses profitability or is considered enough to reward shareholders for losses, as that doesn't really impact profitability or value as carrying costs is already included in opex, but I'm not a fundamental analysis person
Technically has several reasons this level may offer some medium term support
I personally like higher potential profits but this one has a big cushion in terms of cash on hand (Quick ratio) has 30% insider ownership, has changed the management quickly upon the issue being raised, and is a relatively stable business from a profitability standpoint
Not crazy cheap but has been driven down by bad news only and reaching technical levels of support with patterns emerging with oversold indicators and 18 year highs offering a zone of support meaning the path of least resistance is likely higher as all of the sellers have likely already sold
Not looking to hold this one forever but may do a 1 year trade on it and try to capture the easy 50%
Not sure if inventory disclosure issues really impact a businesses profitability or is considered enough to reward shareholders for losses, as that doesn't really impact profitability or value as carrying costs is already included in opex, but I'm not a fundamental analysis person
Technically has several reasons this level may offer some medium term support
I personally like higher potential profits but this one has a big cushion in terms of cash on hand (Quick ratio) has 30% insider ownership, has changed the management quickly upon the issue being raised, and is a relatively stable business from a profitability standpoint
Not crazy cheap but has been driven down by bad news only and reaching technical levels of support with patterns emerging with oversold indicators and 18 year highs offering a zone of support meaning the path of least resistance is likely higher as all of the sellers have likely already sold
Not looking to hold this one forever but may do a 1 year trade on it and try to capture the easy 50%
交易進行
Full disclosure I own this stock now
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