Ingredion: Waiting On Volumes To Recover
Ingredion(INGR) Seeking Alpha·2024-07-30 16:45
Yagi Studio/DigitalVision via Getty Images Last summer, I saw shares of Ingredion (NYSE:INGR) come to life after a few tougher years. Whilst volume trends were still dreadful, with the food industry at large impacted by inflationary pressures, Ingredion benefited from strong pricing whilst the same inflation was still coming down a bit on the cost side. Having sat on a long-term modest position, returns were disappointing. I concluded to hold on to a modest stake after shares just regained triple-digit ...