Penford Corporation (NASDAQ:PENX) manufactures and sells starch based ingredient products to the food industry. The company also engages in industrial applications of some of its products such as fuel grade ethanol. Penford has been publicly traded for nearly 30 years (29 years and 11 months to be exact) and the company's investors had a lot of ups and downs during this period. While the company's share price never fully recovered from the plunge it took during the Great Recession, it's been up 99.60% year to date. In this article we will look at some long-term catalysts that may help the company's share price recover further in the future.
The company conducts extensive research on carbohydrate-based materials...
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