Imperial Sugar (IPSU -56%) implodes after its FQ3 loss widened significantly, as the sugar...

|About: Imperial Sugar Company (IPSU)|By:, SA News Editor

Imperial Sugar (IPSU -56%) implodes after its FQ3 loss widened significantly, as the sugar processor struggled with high raw sugar costs and low sales volume. Expectations were high that it was capitalizing on soaring sugar futures prices, but poorly executed hedging decimated the quarter, as locked-in contracts left no chance to pass on higher prices.