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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: PuddleGlum who wrote (3361)	5/15/2003 1:03:15 PM
From: Crossy	Respond to of 37387

re: IPSU's 10Q this quarterly is anything but well received by me. I just took most of my money off the table here. I guess that energy gas prices in the Q1 had a hugely negative impact on margins (reduced to 5.5% from 7.3% together with the ongoing wind-down of their SugarLand/Texas operations. The main reason for my move was protecting profits (it's a 4-bagger for me). Ultimately, further down the road IPSU might still be seen as a good investment in the sector. Just the gross margin dependance is making predicting cashflow a tough task and further earnings volatility in the future can be expected.. as always - inve$t wisely CROSSY