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1 pt

Imperial Sugar: Hitting the Sweet Spot

 Jul 13, 2008 01:57 PM UTC
Return Risk
-0.88% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
IPSU Positive 07/13/08 -13.24% 08/04/08

Graphic_arrow1 Via Long Investment Ideas from Seeking Alpha:  

Imperial Sugar's (IPSU) stock price has been on an absolute tear lately, rising almost 24% to $15.70, from last month's all time low of $12.66 (hit on 6/12/08). IPSU's relative strength has been off the chart when compared to the DJIA which retreated approximately 9% within the same period.

The Driver: A spike in sugar prices has provided the catalyst for the share's rapid rise as the price of sugar has recently rallied 28% from .11/lb to almost .14/lb. The strength in sugar pricing was partially attributed to Brazil's delayed crop start and a shift in acreage to more profitable crops by India and Pakistan as well as the overall effects of the commodity boom.




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