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Imperial Sugar Co. Message Board

  • shorthighcoverlower shorthighcoverlower Apr 13, 2012 11:48 AM Flag

    world's worst stock

    IPSU drops at four times the rate of the overall market on down days and still drops when the market climbs...This is a horrible, horrible stock that has literally tormented me.

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    • Quit your whining. You did worse with Winn Dixie.

    • now we finally agree on this one, you're finally catching onto the trend here. I've been seeing this trend here for a while now. This has all the signs of a value trap to be honest, and the market is saying that is exactly what it is. Again, with these kind of situations where the catalysts are gone pretty much its really a game of patience. Usually this entails years and years of waiting and a lot of luck, since these kind of situations usually lead to shareholders getting cleaned out through a reorg process. I'd say you have at least a few years before this happens, so you're basically saying this management, which has been completely inept so far, gets its stuff together and fixes the problems with their ops during this time frame. I'd wait and see if I were you and not panic and sell at this point. Of course if you dont trust the management team, I'd take the loss and go elsewhere. Btw, a good question - why hasnt ANYONE from management spent any money at all to buy back their own stock?? Not ONE purchase at 0.3x p/book valuation...tells me they have really given up at this point...If I were an insider and had any hope for a turnaround, I'd be buying the stock hand over fist here, but their actions are hinting something to us imo.


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