I threw this idea out once--- MEXICO....<--- Mexican economy is primed for excess- they have spent next to nothing on Covid....
Ingredion(NYSE:INGR)
Ingredion is a company that provides specialty sweeteners and texturisers to the food and beverage industry.
It has about 15% exposure to breweries, many in Mexico, and has some short-term forex volatility, but most of its customers provide essential food products that are unlikely to see sales pressure even in a continued economic downturn. Indeed, its sales were quite resilient even in the worst of COVID-19 lockdowns despite its exposure to food channels and beer customers.
the process byproducts, which are soy substitutes--- They sell on the open market
Look at soy prices lately. They are already much higher than in 2017.
Stock in the Spotlight - Ingredion Inc.
Ingredion (INGR) Ingredion is the new name given to
Corn Products International, whose roots lie in a collection of corn-based refineries dating back to 1906. INGR refines corn oil, tapioca, potato and rice into food, beverage, and industrial grades starches and sweeteners. The current trends in food processing include moving to healthier and more natural ingredients. Sweeteners that are lower calorie and sugar-free, plant-based proteins, and the movement toward "clean and simple" ingredients all require agricultural, manufacturing and supply chain adjustments. This is evidenced in INGR both acquiring innovative ingredient makers such as PureCircle (stevia-based sweeteners) and investments in plant-based protein initiatives.
INGR is a global business with roughly 65% of its revenues in North America and the remainder throughout Europe, South America, and Asia. Returns on invested capital have been quite high while free cash generation has been consistently strong in the $350-$450 million range. INGR has grown its dividend, reduced its share count through repurchases and reinvested in the business.
COVID-19 put a dent in INGR sales around the world as consumers shifted from eating out at restaurants toward grocery store and on-line delivery. Food and beverage ingredient (think beer from Mexico in INGR's case) sales weakened considerably as food processors managed down inventories and shifted their downstream product sales toward grocery chains.
INGR had faced soft top line sales prior to COVID-19 as food processors slowly move toward better and healthier ingredients - something INGR is working to increase both through new investment (e.g. plant based protein manufacturing) and acquisitions.
The anti corn syrup movement has hurt this Co...
We believe once sales growth picks up as people eat out again, INGR will be well positioned, both in resuming sales of its core products and show gains in its
new healthier ingredient offerings. Earnings power recover to $7-$8/share is not difficult to model while intrinsic value could drive higher from the $115/value we place on the business today. With the stock at ~$78, that is a 47% upside initially and a growing intrinsic value as time marches on.
Ingredion Share Price
TOTAL RETURN ALERT**** 14% yield... $9.00 stock is it true?
First We Found The Money Pit and a strange stone with markings
Next seven people died.
Then we found a $9 stock that yields 14%...
Antero Midstream (+27% YTD)- AM is a natural gas midstream pipeline company serving the Marcellus and Utica shale reservoirs that are explored and produced by its former parent company Antero Resources (
AR). AM remains economically bound to AR through long term take or pay contracts that represent ~90% of its revenues. We have been impressed by AR's ability to profitably hedge its various natural gas related fuels which has allowed it to remain profitable during exceptionally low commodity prices. AR continues to own 35% of AM and benefits from the rich dividend that AM generates. We expect AM will continue to pay the dividend, which currently stands at a 15% yield.<--
NFE-$54.50<----
New Fortress Energy (+244% YTD) -NFE exploited opportunities to construct and operate in-bound liquified natural gas (LNG) facilities for
Caribbean nations that rely on
imported diesel fuel to operate their electricity grids. Early success in Jamaica and Puerto Rico is now being expanded into Mexico and Nicaragua to take advantage of replacing high cost imported diesel fuel
to lower cost and more environmentally friendly LNG. NFE is also experimenting with hydrogen in its fuel source mix. Hydrogen is the most abundant of elements with zero carbon emission and there are many ventures attempting to lower the delivered price of hydrogen using green energy sources that may create a carbon free breakthrough fuel in the future.
New Fortress Energy price target raised to $67 from $53 at Evercore ISI 01/15 NFE, GMLP Evercore ISI analyst Sean Morgan raised the firm's price target on New Fortress Energy (NFE) to $67 from $53 and keeps an Outperform rating on the shares. New Fortress' three "material" acquisitions have "greatly accelerated the already rapid growth profile of the company," Morgan tells investors in a research note. He views the purchase of the Hygo and the Golar LNG Partners (GMLP) fleet as "substantially transformative."
I like the CEO he looks stoned!!!
New & Interesting Stocks for Next week....
A) NFE-
B) AM-
C) INGR-
Travel Centers of America I think I sold this I still don't know about my GDDY! In the same email I said sell this... Again for the wrong reason complete boredom! I have some re connecting to do at the Hedge Fund....
Service Properties Trust is a significant landlord and owner of TA stock. In 2019, its managing director, Adam Portnoy helped recruit Jonathan Pertchik, a seasoned turnaround executive, to be TA's CEO. Mr. Pertchik is focusing his efforts on reducing the large expense base at the company that
may set it up for a sale in the coming years. It's taking to long!
