Imperial Sugar Continues to Struggle (IPSU)
Imperial Sugar Co. (NASDAQ: IPSU) won back its NASDAQ listing today after filing its Form 10-K for the company’s fiscal year ending last September. But that was about all the good news the company could muster. Named as one of…
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Imperial Sugar Co. (NASDAQ: IPSU) won back its NASDAQ listing today after filing its Form 10-K for the company’s fiscal year ending last September. But that was about all the good news the company could muster.
Named as one of our thirteen worst stocks of 2011, Imperial posted an annual EPS loss of -$4.49 and a fourth-quarter loss of -$2.73. The company blamed high raw sugar prices.
Imperial’s CEO also said, “We are exploring opportunities to improve liquidity, including potential further asset sales.” Imperial recently sold its one-third stake in a Louisiana sugar refinery for $18 million.
Imperial’s shares are down nearly -6% today, at $3.32, in a 52-week range of $3.14-$25.68.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.