Rogers Sugar Inc

RSI-T

TSE:RSI

4.77
0.03 (0.63%)
Rogers Sugar Income Fund is the income trust that was established in October 1997 to act as a holding company for Lantic Sugar Limited that operates in Eastern Canada and Rogers Sugar Ltd. that is based in Western Canada.
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Analysis and Opinions about RSI-T

Signal
Opinion
Expert
HOLD
HOLD
January 10, 2007
There are only two sugar refineries in Canada. It will profit from lower energy prices in the short run. Doesn't have very terrific growth prospects and is now faced with a tax situation on income trusts. Feels the distribution is very solid at 11.1%.
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Rogers Sugar Inc (RSI-T)
January 10, 2007
There are only two sugar refineries in Canada. It will profit from lower energy prices in the short run. Doesn't have very terrific growth prospects and is now faced with a tax situation on income trusts. Feels the distribution is very solid at 11.1%.
DON'T BUY
DON'T BUY
January 5, 2007
This company has been clobbered. Sugar has always been a very cyclical business. Wood questioned why they became an income trust.
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Rogers Sugar Inc (RSI-T)
January 5, 2007
This company has been clobbered. Sugar has always been a very cyclical business. Wood questioned why they became an income trust.
BUY
BUY
November 3, 2006
Part of the impact costs that affect them is natural gas. The lower gas price is favourable to them. They have hedged some of this. Good price.
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Rogers Sugar Inc (RSI-T)
November 3, 2006
Part of the impact costs that affect them is natural gas. The lower gas price is favourable to them. They have hedged some of this. Good price.
DON'T BUY
DON'T BUY
October 20, 2006
Seems to be in a pretty good situation with natural gas being down. However, there is no assurance that gas will stay cheap. Has a healthy amount of debt. Gas weighted.
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Rogers Sugar Inc (RSI-T)
October 20, 2006
Seems to be in a pretty good situation with natural gas being down. However, there is no assurance that gas will stay cheap. Has a healthy amount of debt. Gas weighted.
TOP PICK
TOP PICK
September 28, 2006
This company refines sugar. It is a screaming buy. There is little downside risk.
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Rogers Sugar Inc (RSI-T)
September 28, 2006
This company refines sugar. It is a screaming buy. There is little downside risk.
BUY
BUY
June 6, 2006
Thinks the fair value of it is probably $4.75/$4.80. They raised the distribution. Sugar prices are high and with natural gas down, their production costs are lower.
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Thinks the fair value of it is probably $4.75/$4.80. They raised the distribution. Sugar prices are high and with natural gas down, their production costs are lower.
WEAK BUY
WEAK BUY
June 1, 2006
They are benefiting from lower natural gas prices. World sugar prices could rise, but Canadian prices are protected so there is not much upside is there would be in raw commodity sugar.
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They are benefiting from lower natural gas prices. World sugar prices could rise, but Canadian prices are protected so there is not much upside is there would be in raw commodity sugar.
DON'T BUY
DON'T BUY
May 19, 2006
Sugar prices globally have been rising, but the prices in Canada are controlled. The prospects going forward are pretty flat. Have had a new competitor open up about 18 months ago.
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Sugar prices globally have been rising, but the prices in Canada are controlled. The prospects going forward are pretty flat. Have had a new competitor open up about 18 months ago.
WATCH
WATCH
February 25, 2006
global sugar prices have been quite strong, however Roger's Sugar is selling within the Canadian Regime, so their prices are controlled. Their top line revenue has not increased that much, but their cost line has been hurt by natural gas prices. 6 years ago they converted one of their plants from coal to natural gas, which at the time looked good, but now natural gas has become more expensive. Should be watched but it all depends on the price of natural gas.
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Rogers Sugar Inc (RSI-T)
February 25, 2006
global sugar prices have been quite strong, however Roger's Sugar is selling within the Canadian Regime, so their prices are controlled. Their top line revenue has not increased that much, but their cost line has been hurt by natural gas prices. 6 years ago they converted one of their plants from coal to natural gas, which at the time looked good, but now natural gas has become more expensive. Should be watched but it all depends on the price of natural gas.
HOLD
HOLD
February 17, 2006
An OK story. Fundamentals are improving in terms of sugar prices.
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Rogers Sugar Inc (RSI-T)
February 17, 2006
An OK story. Fundamentals are improving in terms of sugar prices.
DON'T BUY
DON'T BUY
December 23, 2005
Have a new CEO, got a favorable tariff ruling and is recommended by several banks, but is still backing off. One of the main problems is that its main input is natural gas therefore, input costs are rising. They are under margin pressure because they can't pass the costs on.
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Rogers Sugar Inc (RSI-T)
December 23, 2005
Have a new CEO, got a favorable tariff ruling and is recommended by several banks, but is still backing off. One of the main problems is that its main input is natural gas therefore, input costs are rising. They are under margin pressure because they can't pass the costs on.
BUY
BUY
December 19, 2005
Has been a lousy performer this year. Got government antidumping protection for 3 years. Sugar prices are very strong globally. No indication that the distribution will be cut. 10/11% yield. Stock price should appreciate modestly.
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Rogers Sugar Inc (RSI-T)
December 19, 2005
Has been a lousy performer this year. Got government antidumping protection for 3 years. Sugar prices are very strong globally. No indication that the distribution will be cut. 10/11% yield. Stock price should appreciate modestly.
WEAK BUY
WEAK BUY
November 28, 2005
As far as the business enterprise trusts are concerned, the only ones he is interested in are the recovery candidates. In this one, you can see a low at the end of 2003 and a higher low currently. Maybe, it is a recovery candidate. If you buy, make sure you have a stop on it.
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Rogers Sugar Inc (RSI-T)
November 28, 2005
As far as the business enterprise trusts are concerned, the only ones he is interested in are the recovery candidates. In this one, you can see a low at the end of 2003 and a higher low currently. Maybe, it is a recovery candidate. If you buy, make sure you have a stop on it.
DON'T BUY
DON'T BUY
June 10, 2005
A trust that should only be held by those with a high appetite for risks. Essentially a commodity trust. A lot of exposure to unregulated pricing for their inputs as well as to the US$.
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A trust that should only be held by those with a high appetite for risks. Essentially a commodity trust. A lot of exposure to unregulated pricing for their inputs as well as to the US$.
DON'T BUY
DON'T BUY
May 20, 2005
The good news over the last couple of years is that the company has built themselves into a pretty good financial position and their balance sheet is in very good shape. The bad news is they still have a lot of competition. A big US producer pushes out a lot of subsidized sugar.
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The good news over the last couple of years is that the company has built themselves into a pretty good financial position and their balance sheet is in very good shape. The bad news is they still have a lot of competition. A big US producer pushes out a lot of subsidized sugar.
PAST TOP PICK
PAST TOP PICK
March 29, 2005
(A Top Pick Jan 25/05. Down 10%.) A duopoly. with only 2 sugar companies, this and Redpath. Likes the yield. Will buy more at this price.
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(A Top Pick Jan 25/05. Down 10%.) A duopoly. with only 2 sugar companies, this and Redpath. Likes the yield. Will buy more at this price.
DON'T BUY
DON'T BUY
February 11, 2005
His criteria is for a trust to have a market dominance in what they do and as little competition as possible. This trust does not fit his model at all.
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Rogers Sugar Inc (RSI-T)
February 11, 2005
His criteria is for a trust to have a market dominance in what they do and as little competition as possible. This trust does not fit his model at all.
TOP PICK
TOP PICK
January 25, 2005
Sugar's a duopoly in Canada with only 2 companies, Redpath and Rogers. Industry is protected by a tarrif wall. Making pretty good margins. A nice yield.
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Rogers Sugar Inc (RSI-T)
January 25, 2005
Sugar's a duopoly in Canada with only 2 companies, Redpath and Rogers. Industry is protected by a tarrif wall. Making pretty good margins. A nice yield.
TOP PICK
TOP PICK
January 5, 2005
Distribution is about 9%. Feels there is a real upside in capital appreciation.
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Rogers Sugar Inc (RSI-T)
January 5, 2005
Distribution is about 9%. Feels there is a real upside in capital appreciation.
DON'T BUY
DON'T BUY
July 15, 2004
Hasn't done well because of many competitive pressures. Higher natural gas prices have been a problem. Also strong competition in the Eastern region.
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Hasn't done well because of many competitive pressures. Higher natural gas prices have been a problem. Also strong competition in the Eastern region.
DON'T BUY
DON'T BUY
September 5, 2003
Seems to have one problem after another.
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Rogers Sugar Inc (RSI-T)
September 5, 2003
Seems to have one problem after another.
DON'T BUY
DON'T BUY
June 25, 2003
Had some issues on beet crops, energy crops and new competition in the Maritimes. Will move sideways for a while.
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Had some issues on beet crops, energy crops and new competition in the Maritimes. Will move sideways for a while.
DON'T BUY
DON'T BUY
April 10, 2003
High exoenses due to high gas prices and bugs into the beets has eaten into the distributions.
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High exoenses due to high gas prices and bugs into the beets has eaten into the distributions.
HOLD
HOLD
March 6, 2003
In a long term process of strengthening their balance sheet.
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In a long term process of strengthening their balance sheet.
DON'T BUY
DON'T BUY
September 27, 2002
Has had operating problems which seem to be cleared up now. May be getting competition. Not happy with management.
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Rogers Sugar Inc (RSI-T)
September 27, 2002
Has had operating problems which seem to be cleared up now. May be getting competition. Not happy with management.
DON'T BUY
DON'T BUY
April 22, 2002
Debt to cash flow = 3.5 X which is an issue. Not competitive.
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Debt to cash flow = 3.5 X which is an issue. Not competitive.
BUY
BUY
April 16, 2002
Recent merger has locked up almost 100% of the sugar market in Ontario. Prospects look good.
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Recent merger has locked up almost 100% of the sugar market in Ontario. Prospects look good.
DON'T BUY
DON'T BUY
February 26, 2002
Not happy with balance sheet. Debt to cash flow ratio is 10 to 1 which is too high a leverage.
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Rogers Sugar Inc (RSI-T)
February 26, 2002
Not happy with balance sheet. Debt to cash flow ratio is 10 to 1 which is too high a leverage.
DON'T BUY
DON'T BUY
January 29, 2002
In a tough business. Not comfortable with this trust.
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Rogers Sugar Inc (RSI-T)
January 29, 2002
In a tough business. Not comfortable with this trust.
DON'T BUY
DON'T BUY
March 13, 2001
Not a fan. Facilities are either high cost or have problems.
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Not a fan. Facilities are either high cost or have problems.
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