Interesting observation Ski....about the receivables, though if the situation is as dire as you say we won't see the results of it until Feb.
I believe the earnings will be about -22 cents, I also believe whatever the earnings are, management is going to get pounded during the cc and will have to justify their actions and say something about the quarter oct-dec which ends in 2 weeks. To me this is more important.
My single largest concern is that there is another piece of the puzzle not being shown. Cutting the dividend and not having the reason be part of bank restrictions (I asked), and the resignation of the board member out of the blue, yeah, I want to see the other puzzle piece. I have no shares at this point, I have call options, so my downside is fixed. I have Dec, Jan, and April positions.
Yes if the plant has another explosion. However Port wentworth no contains a system of delivery using compressed air inside of tubes instead of the older elevator style shafts. Imperial sugar's Insurance settlements are behind IPSU now , and the focus has been saftey. It was sad it took a severe accident and lack of foresight to address the issues that caused the explosion.
The Mexican JV helped IPSU survive. Some people speculate the view of the sale of the Santos JV as a fire sale. However this move was explained in the past although I won't cite the source , DYODD.
What I find most interesting is the Wholesome deal. Are they selling or buying , either way the company is not going BK.
Yes, I agree with what the last post said, and I'll add that for someone buying Imperial for the first time, the explosion and its results actually make IPSU a better buy because of its current price range and its 52 week high. I think the worst is over, and we could see a run towards $6 after earnings.