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MGP Ingredients, Inc. (MGPI): A Bear Case Theory

We came across a bearish thesis on MGP Ingredients, Inc. (MGPI) on Idea Hive’s Substack by Idea Hive. In this article, we will summarize the bears’ thesis on MGPI. MGP Ingredients, Inc. (MGPI)'s share was trading at $57.37 as of Oct 25th. MGPI’s trailing and forward P/E were 13.25 and 9.48 respectively according to Yahoo Finance.

[caption id="attachment_521880" align="aligncenter" width="750"] Copyright: monticello / 123RF Stock Photo[/caption]

MGPI primarily serves as a wholesale provider of American whiskey barrels, presenting an interesting opportunity to capitalize on the...