Jun. 15 at 10:08 PM
$MGPI if i dare to speculate, why have they not announced a CEO ? hmm, somethings up. ive been reading a lot of articles regarding spirits industry. there seems to be a lot of consolidation. things to note:
a) New chairman of the board: current Vitacoco CEO and former Sam Adams CEO. makes you wonder why Mr Lux ceded the seat ?
b) no CEO since Dec
the bottom seems to have consolidated around 25-26, current resistance 34. as we approach the 2nd half of the year, regardless brown forman warning- i think this one will come out and surprise all. also the issue with BF is the Jack Daniels brand. yes we all know there is too much bourbon out there, however MGP has quality.
there is definitely a couple of reasons to be bullish here!