Dec. 17 at 7:35 PM
New Woodworth / Seeking Alpha publish on
$MGPI: "MGP Ingredients Is Not Broken, It's Just Hungover."
Our view: this is a brown-goods inventory hangover, not a funeral. Stock has traded around ~0.86x book value ex-goodwill (buy
$1 of real net assets for ~
$0.86), while our historical P/TB work pointed to ~
$53-
$59 fair value.
Full post + Seeking Alpha link: https://www.woodworth.fund/news/mgp-ingredients-is-not-broken-its-just-hungover-seeking-alpha
$MGPI #valueinvesting #seekingalpha