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Non-Tech : Imperial Sugar (IPSU)

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To: Patentlawmeister who wrote (80)1/14/2003 7:27:06 PM
From: Crossy  Read Replies (1) of 121
 
look here - BOOK VALUE at $16,80 per share

it's now official. CEO Peiser, who is doing an EXCELLENT JOB in providing timely financial updates, has just issued an 8k on the IMPACT of the DCB sale on the most recent financial report: sec.gov

I'm really impressed and the best is, that the impact of the asset sale of the Montana & Wyoming refineries not yet included. I believe that this figure is before any applicable tax items, though. However with the Wyoming refinery sale (Asset was very low marked in the books) my most optimistic $15 book value per share condition will hold easily !!

Further tidbits are also contained also in the report: the gross margin percentage would only be reduced by 100bp because of the sale of DCB.. This IS significant IMHO.. And I believe it'S great news..

As I see it, aganinst the numbers posted, a move for application at a REAL STOCK EXCHANGE (preferably the NYSE but the NasdaqNM would do also) is imminent any day. But almost more importantly, the company looks at being on its way to start paying dividends by 2004/2005.

!!! No one, even with only parts of one's brain left would sell this stock in the SINGLE DIGITS .. !!!

rgrds
CROSSY
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