My “HOT” stock

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Michael likes Inghams (ING), Australia’s largest chicken producer. “Inghams (ING) is suffering from a drought-induced rise in feed costs,” he says.

“Many analysts have turned against ING, but the share price fall from near $5 to closer to $3 in my view fully factors this costs squeeze, and at current levels, long-term investors may consider ING a reasonable value proposition,” he adds.

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