3 Signs You Should Sell This 17-Bagger Stock
They grow up so fast. Just five years ago, MGP Ingredients (NASDAQ: MGPI) was an obscure company valued at $80 million. Today, it's valued at over $1 billion -- meaning it has become a 17-bagger for a handful of lucky investors. The company's primary function is to serve as a contract distiller for various whiskey products, including premium brands for Diageo and much smaller craft brands. It doesn't want fame and glory, which is why most investors have probably never heard of it.
Nonetheless, it's a pretty good time to be in the whiskey business, as the stock's performance indicates. But while the current market cap is still relatively small, and the industry's growth potential is salivating, it's easy to argue that MGP Ingredients stock could struggle to deliver additional gains in the next several years. Here are three signs that you should sell this 17-bagger stock.
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Source: Fool.com