logicalthought

Sugar Price Explosion?

I have a large position in Imperial Sugar (IPSU). The company lost 2/3 of its plant capacity in an explosion in early 2008 (hence the recent losses, much of which will be reimbursed via business interruption insurance). The new plant (fully paid for by insurance, with a replacement value more than the company's current market cap) will be fully operational this fall. I think the company (which is also a big consumer of now-much-cheaper natural gas) will make north of $2.50/share next year.