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Posted by
Two Blokes May 5 -
Filed in
Stock
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MGP Ingredients has experienced a significant drop in its stock price due to lower U.S. liquor consumption and a whiskey glut since 2024, but remains profitable. With an EPS forecast of $3.01 by 2026, the stock's forward P/E under 11x appears incredibly low, presenting a potential buying opportunity. The recent price move above its 50-day moving average and unusually large 23% of float sold short, could indicate a turnaround has arrived.
