Imperial Sugar: Hitting the Sweet Spot - Mark Krieger

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Imperial Sugar: Hitting the Sweet Spot
Jul 13, 2008 01:57 PM UTC

Mark Krieger

Return	Risk
-2.67%	MID

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Symbol	Sentiment	Start	Return	Closed
IPSU		07/13/08	-13.24%	08/04/08

Via Long Investment Ideas from Seeking Alpha:

Imperial Sugar's (IPSU) stock price has been on an absolute tear lately, rising almost 24% to $15.70, from last month's all time low of $12.66 (hit on 6/12/08). IPSU's relative strength has been off the chart when compared to the DJIA which retreated approximately 9% within the same period.

The Driver: A spike in sugar prices has provided the catalyst for the share's rapid rise as the price of sugar has recently rallied 28% from .11/lb to almost .14/lb. The strength in sugar pricing was partially attributed to Brazil's delayed crop start and a shift in acreage to more profitable crops by India and Pakistan as well as the overall effects of the commodity boom.

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