About MGPI:
MGP Ingredients, Inc., incorporated in 1957, is a producer of ingredients and distillery products. It has two reportable segments: ingredients and distillery products. Ingredients consist of wheat starches and specialty wheat proteins for food and non-food applications, commodity ingredients, including commodity wheat starches and vital wheat gluten, and mill feeds. Distillery products consist of food-grade alcohol, including beverage alcohol and industrial alcohol, fuel alcohol known as ethanol, and distillers grain and carbon dioxide, which are by-products of its distillery operations. The Company's manufacturing plants are located in Atchison, Kansas, and Pekin, Illinois. It also operates a facility in Kansas City, Kansas for the processing and extrusion of wheat proteins and starches, and a facility in Onaga, Kansas for the production of plant-based biopolymers and wood composites. Its principal subsidiaries are MGP Ingredients of Illinois, Inc. and Kansas City Ingredient Technologies, Inc.
Analysis:
Nothing says "BUY ME!" more then improving financials, shares being under heavy accumulation by financial institutions, and insiders buying shares. From the technical point of view it should be at $25 level within a year.
$21.79 (01/17/07)
