Your thoughts on Inghams (ING) and PEXA Group (PXA)
Dear team, A few days ago you suggested ING as a possible income stock with some upside. It looks pretty good , but, I have some concerns. #1. is that it appears to have a very high debt to equity ratio. This is not appealing at any time. However, during a time of possible recession, it can mean catastrophe. #2. is that it is highly dependent on Woolworths and that Woolies is seeking to diversify ( which probably means 'screw') it's poultry suppliers. Your thoughts on these issues would be welcome. I am a big PXA fan. I already own some PEX shares and they are underwater. You have them in your emerging companies portfolio as a moderate risk and a medium to long horizon. At last they have UK approval and may move into a huge new market with proportionate opportunities. The price has jumped up accordingly. Do you still see it as an excellent opportunity? Thank you for your superb work. Keep on keeping on. Paul