IPSU will be reporting third Q earnings Friday, a week from tomorrow. IPSU is expected to report another rough quarter,( Port Wentworth will still have some issues with achieving full production) but the bad news has probably already been factored in (discounted into the share price) A beat of analyst estimates would certainly bump the share price higher, but don't count on it.
This company emerged from bankruptcy in 2001 with 10 million common shares outstanding. There are now over 12.1 million and growing rapidly. Virtually all of those new shares (over 20% of the original share count) have been issued to management and directors. Meanwhile we have a $12 stock. Something is just not right with that.
dwy000 you are 100% correct! Sheptor is simply using this company as his personal piggy bank. You have pumpers here like shorthighcoverlow who is Mark Krieger that pumps this worthless pos on seeking alpha as well. Buyer Beware!
This will be what, the 3rd or 4th quarter in which things will be disappointing because Port Wentworth is still not fully operational? Yet every quarter they claim that it will be solved shortly. It seems the new Grammercy plant will be built from scratch by the time the Port Wentworth problems are fixed.
If this quarter is not good (gains on derivatives aside) they will have lost any remaining shred of credibility. It might be time for new blood.