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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: RonMerks who wrote (5503)	6/12/2007 4:02:54 AM
From: Chuckles_Bee	Respond to of 50719

Yahoo numbers also show: % of Shares Held by Institutional & Mutual Fund Owners: 129% % of Float Held by Institutional & Mutual Fund Owners: 188% ...interesting math. The "Virtually no debt" is maybe because?...: In January 2001, as a result of our losses, adverse operating conditions, cash flow problems, a high degree of leverage, and non-compliance with our financial covenants in prior debt instruments, we filed for protection under chapter 11 of the U.S. Bankruptcy Code. phx.corporate-ir.net From the same document: - If world raw sugar prices continue to increase, supply interruptions may develop and we may experience lower refined sugar margins. - Higher energy costs may result in increased operating expenses and reduced results of operations. - We sell commodity products in highly competitive markets and face significant price pressure. - Historically, we have made the majority of our sales to industrial customers under fixed price, forward sales contracts which extend for up to one year. As a result, changes in our realized sales prices tend to lag behind market price changes. From 2Q earnings: "While the nature of the industrial contract cycle is expected to produce further reductions in our average prices, we are encouraged by continuing lower raw sugar and energy costs." biz.yahoo.com Sooooo...a high sugar price does not benefit IPSU. ...and don't forget NAFTA/CAFTA ...and that "the severe effects of hurricanes on competitors' operations in Louisiana and Florida in the fall of 2005" are past. ...and "In addition, a historically high beet crop has increased pressure on volumes and price, particularly in the industrial and foodservice channels." Just to be clear....I'm all for investing in sugar, and I'm not trying to convince anyone to not buy IPSU. I was just curious to whether there might be good reasons why a stock would be 50% shorted. CB.