Imperial Sugar: The Best Defense Is a Good Offense - Mark Krieger

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Imperial Sugar: The Best Defense Is a Good Offense
Aug 04, 2008 12:05 PM UTC

Mark Krieger

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Symbol	Sentiment	Start	Return	Closed
IPSU		08/04/08	+16.04%	--

Via Long Investment Ideas from Seeking Alpha:

Imperial Sugar (IPSU) has been under attack lately, as the Occupational Safety and Health Administration [OSHA] has levied a $8.7 million fine for safety violations leading up to last February's explosion at its Port Wentworth refinery. A Senate Subcommittee has reviewed testimony from IPSU's Vice President, Graham H. Graham, detailing the plant's condition prior to the explosion. On top of that, the onslaught includes dismal third quarter results.

OSHA findings: IPSU CEO John Sheptor's response to OSHA's citations was strong:Â

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