Added to YB: 2024-05-22
Pitch date: 2024-05-21
MGPI [bearish]
MGP Ingredients, Inc.
+67.32%
current return
Author Info
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Company Info
MGP Ingredients, Inc. produces and supplies distilled spirits, branded spirits, and food ingredients worldwide.
Market Cap
$557.1M
Pitch Price
$78.18
Price Target
12.40 (-51%)
Dividend
1.83%
EV/EBITDA
5.96
P/E
-37.39
EV/Sales
1.42
Sector
Beverages
Category
N/A
Another Short Position — $MGPI
MGPI: Distiller riding whiskey supercycle now facing glut. US inventories 11.4 yrs of demand (norm 5), production 2.6x bottling. Prices starting to decline. Trades far above replacement cost ($2B EV vs $15M '11 distillery purchase) & $12.40 TBV/share. 80%+ downside as reality sets in.
Read full article (4 min)