Sat, Sep 20, 2014, 4:59 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Imperial Sugar Co. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • shorthighcoverlower shorthighcoverlower Aug 6, 2010 8:44 AM Flag

    Cash position up 50%

    yes.but they used cash to pay the dividend and to procure additional capital improvements!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The dividend and capex should be funded by operating income, not by liquidating inventory. But here there is no operating income.

      I keep coming back to the bottom line that even with $10.7m in hedging gains, they still reported a huge loss. Yes the plant was (only) 90%. But isn't this supposed to be the newest, most efficient plant in the business? If at 90% capacity in a state of the art plant, with the highest industry spreads in memory they still can't make money, something is very wrong.

      • 1 Reply to dwy000
      • They spent $7.6 million on capital improvements for the third quarter and expect to spend an additional $10-15 million in this category in their fourth quarter.They have spent $230 million of insurance dollars rebuilding Port Wentworth, and expect about $10 million necessary to complete the project.Hmmm.... the company is currently worth $150 million by the stock market and they put in more than that just to repair one plant..I smell a disconnect here...

 

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.