Hi Joe. Increase in sugar prices is due to increase in demand over supply ratio which is good for the sugar industry. This relationship can be applied to any commodity including oil.
On ALU's plans to refinance, I think that it's their intent to borrow at better terma to pay off their existing debt and fund their growth. You'll find the same paragraph in their last two 10q's under LIQUIDITY AND CAPITAL RESOURCES:
<In order for us to continue our growth, it will be necessary for us to obtain additional financing. We have had discussions with certain financial institutions concerning additional financing arrangements, and anticipated that such arrangements would be in place during the quarter ending September 30, 2002, or shortly thereafter. However, due to a warehouse fire that occurred at the Evergreen Warehouse Corp., a public warehouse located at 40 Noll Street in Brooklyn, New York, on September 25-26, 2002, these discussions with certain financial institutions have been temporarily suspended pending resolution of the insurance claims.>
TRIB's earnings report was better than expected as you noted. Maybe the drag on the stock is the Xtrana law suit or that its a daytrader darling or just the general market conditions. I think that the latter is the likely culprit. |
