@Scott I like this company too. I am happy to hold it and they will likely get bought out unless the stock gets over $100 soon. I will say it is stable, well managed and very profitable. It is also holding up better in the Ag sector than ADM and BG. I have sold October $110 Covered Calls on INGR. I don't expect to lose the stock on that strike price but I will be happy enough when it expires to sell another one. I would like to hear a little more from all of these Ag stocks. They are quiet companies which make them boring. But boring can be good compared to irrational Tech stock levels and volatile energy sector stocks. Your fair value of $120 sounds spot on.
S
I don't know about anyone else here, but I like having this very boring dividend stock in my portfolio. It also helps knowing the stock is trading for less than 1/2 the market multiple. My fair value is $120+ at this point. Don't expect any answers being this board is pretty dead, but one can hope.
J
Picked off 500 more at $68.76. Looks undervalued and cheap, nice div., fairly stable business no matter what the economy, and stands to benefit from more open trade and squelching of COVID. Unfortunately I still have a hefty paper loss as I picked up quite a few shares at $112 area. Another plus is a possible takeover of this company. I was kind of hoping to pick up more shares in the $65-66 area before today’s COVID news.
G
Curious as to what you long term longs here think of the new AMRS deal. I'm an AMRS long. The company is a leader in the synthetic biology industry and can manufacture pure REb-M from sugarcane using genetically engineered yeast. It's modern alchemy and the future of chemistry. Recommend that you go to the Investors area on the AMyris web site and listen to the very recent Investor conference on ingredients. The company is owned 38% by John Doerr, one of the greatest tech investors in history. Bill Gates also has a small position because of the work they are doing on vaccines. I hope both of our companies enjoy and fruitful and profitable relationship for years to come! Warning, AMRS is the very definition of a volatile, cutting edge tech stock that has never been profitable in its history. It's turn around is happening this year but next year will be most likely when it finally becomes actually profitable. The company has been around for 20 years.
S
Plant based meats are all the rage for some nowadays. Look at BYND valuation as example 1. These companies need to buy their plant-based proteins from somewhere and in many cases that somewhere will be Ingredion and their pea-based protein. Small portion of business today, but important growth driver longer term nonetheless. Good luck to INGR longs!
T
Wow, I certainly pick boring stocks no comments for a month this is even worse than CNC. I've been watching this one for awhile and pulled trigger at 91.94. I'm sorry I didn't get it before last earning report, but it's a function of cash flow and having it at the right time.
S
All things considered, decent earnings from Ingredion today. Deeply under-valued at this point, so actively buying shares.
J
Nice earnings report this morn. Perhaps this stock can get some respect. Nice yield and a reasonable valuation in a relatively non cyclical business..
a
INGR had a very bullish breakout to the upside today with the great financials reported - this stock is extremely undervalued and is goin much, much higher - get ready for triple digits soon.
s
I'm bullish on this segment, however I'm in pain reading that the company suffers declining profits due to increasing supply chain and operations costs (2019, 2018 annual report e.g.). A company such as this should simply be more innovative to have a bright future. Sugar is one of the most hazardous ingredients in food, and alternatives to this should be much more profitable than this. Sorry.
G
I'm getting concerned about the weakening balance sheet of Ingredion. Silly stock buybacks at inflated prices have wasted a lot of money. Now, there's news Zallie is hunting for a big European. Translation, he'll overpay and further weaken a fairly good balance sheet. Hey Jim, grow organically by investing in innovation. Keep the balance sheet strong! After the next recession, there will be plenty of businesses to buy at much lower prices. Be like Hormel, not GE!!!
J
Yesterday, I thought I may have made a wrong turn. While driving by a Ingredion facility on my way to deliver a disabled Vet a complimentary meal from Texas Roadhouse, I wondered is there was an Ingredion stock and here I am.
G
Inflation's coming...
b
seems like an overreaction to the write-down
S
Stay Short it will drop to $50 on Monday
G
Nice balance sheet move management. Take on $1B debt at low long term rates to pay off higher coupon ST debt and have a war chest. Solid.
S
Thoughts on 10% down day following earnings report?
p
Price Target 100 dollars!
Y
INGR is down -4.91% to 136.59
G
With the exception if the CFO buying 1000 share, no insider purchases with their own money. Pretty discouraging.
While driving by a Ingredion facility on my way to deliver a disabled Vet a complimentary meal from Texas Roadhouse, I wondered is there was an Ingredion stock and here I am.