Rogers Sugar Inc T.RSI

Share price?

[stockpunter2]

I have a little RSI in my TFSA and I increased my position last week.  I don't understand why the SP spiked after the 2nd Q results 3 months ago, but fizzled today.  I'm not too upset, as my TFSA is doing great with a collection of dividend stocks recommended in various Globe and Mail model portfolios.  Any insights?

[DeanEdmonton]

StockP - These guys have a tiny market share, even in Canada. They are price takers, not price makers. They have been protected by significant tarriffs on imported sugar. There is a large competitor building a plant here in Canada that equals all of Rogers production. No more price protection.

[stockpunter2]

ok, but they made money both quarters. why the SP jump Q2 not Q3?

[DeanEdmonton]

Stockpunter - you really can't be that desne. Previous profitability does not guarantee future profitability in the face of a large, new competitor on home soil. Paying for histroy, when you know what the future looks like, isn't too smart.

[1condor]

Decent entry point on this one...or even to add...just need some patience and collect the divvy while you wait.

[national10]

You are correct Condor.  With all that is going on (Positive) with RSI and a controlled market for Canada on Sugar....  Things will be very sweet in the next 2 years with the additional capacity.  I took another position on 15,000 @ $5.47.  Will hold and wait for the capitol gains, taking the dividend along the way.  GTLA

[packerdriver]

How is the Canadian sugar market "controlled" ??? Please explain.

[national10]

As you requested.  These searches do not take alot of time.  Important to be informed on any investment. Most countries that produce or use sugar, including Canada, are signatories to the International Sugar Agreement (ISA), which aims to prevent extremes in world sugar prices, and thus aims to protect the interests of both cane-producing countries and consumers of raw sugar. In Canada

[packerdriver]

Not convinced....The ISA's mandate is to facilitate cooperation between producing nations and growing the demand for sugar for all members....nothing more....Consumer and corporate affairs does not "regulate" sugar, it would get involved if producers engaged in anti-competitive practices. The Canadian Sugar Institute is to sugar what the Canadian Petroleum Producers is to oil

[national10]

I hope you dont feed the Gremlins after midnight.  That could be the issue with your fear that the world is out to get you.  You could be right...... if you are looking for monters around the corner or under your bed, trust me you willl find them.... Evil dust bunnies!!!   I may have taken your comments  out of context, but, again, that was alot of Gibber Jabber.  So

[TimeBuilder1]

SUGR.V  =   New cane maybe beet processing plant being built in Hamilton Ontario which  has water access (ship)  rail & highway  = ideal location IMO