Ingles Markets, Incorporated (IMKTA): A Bull Case Theory

We came across a bullish thesis on Ingles Markets, Incorporated (IMKTA) on Rock and Turner Investment Analysis’ Substack by James Emanuel. In this article, we will summarize the bulls’ thesis on IMKTA. Ingles Markets, Incorporated (IMKTA)'s share was trading at $71.05 as of Nov 6^th. IMKTA’s trailing P/E was 8.46 according to Yahoo Finance.

[caption id="attachment_1202649" align="aligncenter" width="768"] A grocery store employee stocking shelves with fresh fruits and vegetables.[/caption]

Ingles Markets, Inc. (IMKTA), a regional supermarket chain with deep roots in the...