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IPSU: Refined Sugar Spreads Continue to Widen, Asset Value Exceeds $20/Share, and Yet…..

March 25th, 2011

As IPSU muddles along all too close to its 52-week lows, we thought it might be interesting to consider the following: US Refined/raw sugar spreads are close to record levels. List bulk industrial refined sugar prices through...

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IPSU: 1Q11 – More of the Same, When Will Investor Patience in IPSU Be Rewarded?

February 8th, 2011

IPSU reported 1Q11 results this morning that can be best characterized as more of the same.  The company reported an operating loss as a result of ongoing production issues at its Port Wentworth refinery, which were further exacerbated...

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IPSU: Begrudging Progress At Port Wentworth Offset by Newfound Mgmt. Optimism - Revising FY11 Estimates

December 30th, 2010

Heading into IPSU's 4Q10 earnings release, we thought a messy quarter would be overshadowed by commentary from management highlighting significant production gains at the company's Port Wentworth refinery.  Our...

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IPSU: At Long Last Progress at Port Wentworth, Now IPSU's Earnings Story Begins

November 15th, 2010

In the 15-months since we initially recommended going long shares of IPSU, the stock has been volatile but has only yielded a total gain of 5.0%, compared to a 21.0% return for the S&P 500.  The lackluster performance of IPSU shares is...

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Current Ideas

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