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Microcap & Penny Stocks : Rat dog micro-cap picks...

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To: Bucky Katt who wrote (9908)12/11/2002 3:48:43 PM
From: Crossy   of 48461
 
IPSU (Imperial Sugar).. approaching $3.50
This is an important resistance area. Once we crack that level, the $5-6 mark is within reach pretty soon. Also, company should qualify for a bigger board now (AMEX).

LEH (Lehman) owns around 33%, Swiss Re 15%, Lucrum Partners owns 8% and Fagan Capital has been increasing its holding to more than 10% recently. Some funds have established positions (DFA notably). Firm is already 60% institutionally owned..

The recent asset sales (More than $145m in total) will enable the co. to almost entirely get rid of longterm debt. Price/Book still only 0.30 but the "quality" of the Book Value improved by a big factor with the most recent transactions..

rgrds
CROSSY
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