Category Archives: Long Ideas

The Implications of IPSU’s Press Release About the “Whistleblower”’s OSHA Deposition

October 24, 2009 – 10:23 am

IPSU issued a press release, which provided details on the latest testimony of Graham H. Graham a former Vice President of Operations of the company who up until this point had been a key “whistleblower” in the case against IPSU surrounding the Port Wentworth refinery accident.  You can find the press release here.  Overall, Mr. Graham’s [...]

By PAA Research | Also posted in Sugar | Tagged , , , | Comments (0)

ARP’s Revenue “Air-Pocket”, FCF Is Still Impressive, The Outlook from Reprographers

October 6, 2009 – 3:26 pm

ARP shares are off sharply today in response to a press release in which the company announced it was lowering guidance for the year and had recently completed an amendment to its credit facility.  You can find all of the details here.  Overall, the  company reduced its full year EPS guidance from $0.50-$0.75 to $0.27-$0.33, [...]

By PAA Research | Also posted in Business Services | Tagged , , , , , , | Comments (2)

Can Litigation Risk at IPSU Be “Boxed”?

September 25, 2009 – 4:05 am

IPSUshares traded off more than 18% yesterday following the release of a final report on the investigation by the U.S. Chemical Safety Board (CSB) into the company’s Port Wentworth refinery explosion on February 7, 2008.  As many of our readers know, we have argued that IPSU shares have considerable upside, potentially to the low $20’s, [...]

By PAA Research | Also posted in Sugar, Uncategorized | Tagged , , , , | Comments (3)

More Consolidation in the Video Game Sector? Rumors Continue to Swirl Around THQI

September 22, 2009 – 4:13 pm

THQI shares rallied strongly today based on rumors that the company could be “in-play” as an acquisition target.  This is not the first time there has been rampant speculation surrounding THQI as a potential takeover candidate.  We have not written about THQI in some time. To be quite honest there has been little to say about [...]

By PAA Research | Also posted in Video Games/Interactive Entertainment | Tagged , , , , , , , , , , , , , , , , | Comments (3)

Getting Back to the Basics in the Capital Markets – Long TWPG

September 17, 2009 – 8:08 am

It’s hard to believe that it was only 11-months ago when the TED Spread, LIBOR-OIS spread and the “VIX” all made multi-year, if not all-time highs.  Each of those barometers of anxiety and fear in the financial system now rest at lows for the past 12-18 months. There are other measures that confidence in the [...]

By PAA Research | Also posted in Financial Services, Initial Investment Idea Write-ups | Tagged , , , , , , , , , , , | Comments (0)

IPSU: Inching Closer to Unleashing Its Full Earnings Power

September 8, 2009 – 6:15 pm

Imperial Sugar Company issued a press release today to provide investors with an update on the status of the rebuilding efforts at its Port Wentworth refinery.  The company continues to make steady progress towards restoring full production at its Port Wentworth refinery. For the past 2-3 months, IPSU has produced bulk refined sugar at the facility, [...]

By PAA Research | Also posted in Sugar | Tagged , , , , | Comments (0)

What ZipRealty’s Results Tell Us About the State of Housing, ZIPR’s Path to Profitability

August 6, 2009 – 12:57 pm

We are somewhat surprised that there aren’t more people following the results of ZipRealty on a regular basis.  We understand the stock trades almost on a “by appointment” basis, as exemplified by the 2700 total shares that have traded since the company reported results.  However, from a market perspective ZIPR has broader exposure than almost all of [...]

By PAA Research | Also posted in Housing | Tagged , , , | Comments (0)

Heading Back to the Sugar Shack: Long Imperial Sugar Company (IPSU)

August 4, 2009 – 9:46 am

It might not be well known to most equity investors but the global market for sugar has been on a tear lately. Just this week, the price of raw sugar traded on ICE Futures hit a three and a half year high. This is due in large part to raw sugar cane crop shortages in India [...]

By PAA Research | Also posted in Commodities, Sugar | Tagged , , , , , | Comments (4)

Despite Weakness in the AIA Billings Index, Channel Checks Suggest Another Quarter of Upside Out of ARP – Looking at the Company’s Next Growth Vehicle

July 31, 2009 – 2:00 pm

We continue to recommend purchase of ARP shares, even after the 50% gain in the stock since we first introduced the idea.  The company will report results on August 6th, after the market close. We have received a few questions from investors about the potential for a revenue or earnings short fall from ARP given the recent [...]

By PAA Research | Also posted in Business Services | Tagged , , , , , , , | Comments (0)

The Brink’s Company Is STILL a Good Place to Keep Your Cash

July 30, 2009 – 3:36 pm

In our original post on the Brink’s Company, we argued that the company would perform well in the current economic environment based on the steady secular growth of cash in circulation (cash is still king), expansion of the number of ATM’s in place on a global basis, and continued expansion of retail banking locations. Brink’s has a steady business [...]

By PAA Research | Also posted in Business Services | Tagged , , , , | Comments (0)