Welcome Young Numbah Six!
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Congrats to #6 and especially Mrs. #6, who did all the work on their first little bambino, let’s call her “One Sixth.”
Hopefully, this nice young couple will recognize soon that NYC is a great place for getting one’s windshield involuntarily squeegeed for a dollar, or for getting your carbon credit fix on by taking the sweaty summer #4 train uptown instead of a cab.
For raising sweet young things, however? Well…
Anyway, God bless and good luck, she’s beautiful.
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I’m a bit ambivalent about the precious this week. I think we’ll continue to do well here, but I’ll probably start taking some profits this week as well. No need to get too greedy.
As far as what I’m looking at, I’m surveying that nasty old sugar name, IPSU again. Why? For no other reason than that it’s taking the commodity train up again. If it breaks through this resistance here, it might be well worth taking on a position once again:
My best to you all, and God bless the little children.
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16 Responses to Welcome Young Numbah Six!
Some points about IPSU, as I investigated them last week:
Their operating costs are nearly at their revenue line no thanks to the government and the 2008 Farm Bill. The legislation currently in place limits the imports of raw cane into the US which has caused the price of sugar to spike over the past few years. Other governments fully subsidize the harvesting of sugar. Their main refining asset is located within America. The Farm Bill expires in September 2012 and a similar one will probably be created at that point. There was a catastrophic failure at their plant last year killing employees and the rebuilding process is underway. The stock does however trade at about half of BV, the float is low, and there’s a 15% short position.
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Real Hymn [sic], I’m very impressed by your intellect, but am confused at the conclusion. Not unlike an Iron Chef J.: is this opinion query for amendment, approval or polite dismissal?
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Lol.
There’s a point when you apply heat to sugar whereupon it changes physical state and retains value. If you continue to raise the temperature beyond that threshold, it burns into a horrendous worthless solid. Right now the government has the burners on and the gas flowing while the liquefied sugar in the pot is rippling in the heat. They have the power to adjust the outcome, but will they?
Save the farmers or save the refiners, that’s their choice. While it does trade below BV, is there any value in the book?
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IPSU trades retarded.
CZZ is your top hatted sugar play.
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Mmmm… yes that is an interesting one…
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windshield squeegeeing is so 1989
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And yet its back, like a lot of shit from the eighties.
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really? haven’t see any in my travels to nyc in loooong time … wouldn’t be surprising . guliani rounded them all up & sent them to rider island .. suppose they could make a comeback under bloomie
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That’s exactly what’s been happening.
Try the entrance to the FDR Drive @ 96th Street.
Do you still live in the city, too?
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i usually enter & exit at 96th .. they used to love hanging out under the bridge there
live in amagansett .. parents, bro & sis in manhattan
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I always get ambushed at that egregious gas station.
They must hang there for the cawfee.
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Seeing as this is his first, i’m pretty sure he doesn’t get the Miss Clavel reference.
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Oh he will.
He will.
I imagine you have the extended hard cover set, the DVR, magazine, plush dolls, board game and outdoor play set by now?
And that’s just for Swallowed by the Whale Boy!
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Ludwig Bemelmans’ “Madeline” is a classic for every little girl! At one point, I even had mine dressed up in the little hat and coat. Little girls are really sugar and spice; congratulations to both Mr. and Mrs. #6!
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Yes, until they are about 12-13… then they become “everything not-so-nice.”
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Are you adding PBR here ? Thanks Jake !
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