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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: PuddleGlum who wrote (3206)	12/17/2002 12:51:43 AM
From: Crossy	Read Replies (1) of 37387

Puddleglum, wow - it's great that some of my pals were able to profit from IPSU as well. Can only attest to watch it closely. Don't let yourself be stopped out by daily jitter. I would suggest to wait at least for the December 10-K and the January 10-Q. About that time, it should come clear that IPSU's troubles are past and that the book value has increased to at least $14 without any significant high-yield longterm debt.. I suspect they are positioning themselves nicely to accomodate NAFTA opening of sugar imports. They will retain a captive refining base of their most efficient beet and cane plants after letting go parts of their refining capacity and closing down the least efficient milling sites. But it seemed they were keeping all the sugar related marketing - downstream activities. In such a stuation, where their manufacturing capaicty was brought down to a tiny fraction while their internal requirements for final goods (sugar related) stayed the same, they will be in a position to capitalize on the gradual opening up of the US sugar market. Schrewd plan.. rgrds CROSSY

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