Rob Sechan, Managing Partner, New Edge CapitalIngredion IncorporatedINGRBUYJul 19, 2024
Just bought this small cap in staples, where's massively underweight. The produce sweeteners and starchers. Fairly cheap with durable revenues and increasing margins. Trades at forward 12x PE.
Is down 10% this year, partially due to an imperfect quarter in early May. They bought Tate & Lyle which would make them a powerhouse in the ingredients space.
Just bought this small cap in staples, where's massively underweight. The produce sweeteners and starchers. Fairly cheap with durable revenues and increasing margins. Trades at forward 12x PE.