With #16 sugar near an all time high and Mexican producers increasing imports to dump on the U.S. markets I wouldn't expect ANY improvement. With the 4th quarter being almost over by the time they release earnings the foot notes will most likely reveal what dire circumstances IPSU finds themselves in. I do hope you read the SEC documents.
Dude: put down the crack pipe. Analyts expect IPSU to generate earnings of 89 cents in fiscal 2012, that amounts to net earnings of $10.89 million, your forecast of $50 to $75 million is pure fantasy.
well...the good news is, the the longer the shares stay below $7, the higher the probablity becomes that a Private Equity firm will come to the rescue of shareholders by offering a substantial premium. The company is vulnerable at these levels, because when potential buyers run the numbers, the answer is a clear Buy!
because IPSU has such a low share count,
a posted loss appears larger to the eye
on the surface than it is in reality.
if they lose 1.00/sh it is only 12 million.
i am firm in the expectation for 2012 that
IPSU will earn net profit of over $50 million
with potential of over $75 million.
Yeah I get the fact the packaging station was completely rebuilt, and the refinery is older. They've changed onsite management as a result of the explosion and not with inside help. They are updating the refinery itself. What is interesting is the technique of refining sugar basically hasn't changed forever.
So the question remains can they maintain over 5 mil a day and can they increase the spread enough to earn a profit that exceeds ALL their costs. The plant is making money, the question is how much against fixed costs.
Everyone is so down on the low cash balance. All they need really is payroll. The debt service they can roll over.
Personally I want them to beat estimates. I want to see the short squeeze.
Ummm, not so. The packaging station was rebuilt. The refinery, where raw sugar is refined is old, dilapidated and poorly maintained. Another example of the lack of knowledge on this message board. Some of the comments are amusingly scary for people who may be invested in this company.
Shorthigh, I thought you would have known better!
what are you talking about? the shorts have already been prooved right on this one!!the problem is, they have'nt made a dime until they actually buy to cover, until then, they are merely hanging on to "paper profits" and the market will take it away just as fast as it giveth...the moral of the story is to not get greedy and take profits before those precarious profits disappear and then turn into nasty losses. This stock could double in one session on any type of favorable news!
regardless of the results they will post
in early November, the shares are a buy
post-earnings -- because forward contracts
are lowering and early 2012 is looking great
for many reasons. this Q4 report in early
Nov. will be the last of the ugly period.