[41742]

^ Yes, glad to be a believer ... and now for some profits taking. :cupcake:

 

[Eder]

You made up my mind...sold all of it. Don't have a spot to invest the cash yet but I think its best to be opportunistic with thinly traded stocks like Rogers Sugar.

 

[41742]

I sold only a third:torn: as I'm still a believer in this stock and sugar - going to be around for a loooonggg time and the quarterly dividends (with periodic increases) are both nice. Now what are you planning to replace the winfall with? :smiley_simmons:

 

[CrazyEights]

Also held this for a long time, and finally out of the Red and into the GReen. Looking to take this opportunity to get it off the portfolio.

 

[Just a Guy]

I've owned this for a long time...got in cheap, watched it roller coaster around over the years, while collecting the dividend. I don't see sugar going away, and I don't see anything better to put my money into, certainly don't want to give the government any of my capital gains, plus I don't like to sell my stuff...just not in my personality, guess I'll just keep holding.

Nice to see activity on this thread though, I rarely look at my holding's performance. I can't see anything wiping out the sugar industry, so I rarely look...plus, it's also not in my personality.

 

[Eder]

I sold only a third:torn: as I'm still a believer in this stock and sugar - going to be around for a loooonggg time and the quarterly dividends (with periodic increases) are both nice. Now what are you planning to replace the winfall with? :smiley_simmons:

I was thinking more lumber stock (probably more Western Forest Products) as they've been anemic with the prospect of higher tariffs. I agree that Canadian sugar is a protected industry but I hate watching (and owning)cyclical stocks hitting 52 week highs. The dividend was nice but the odd special dividends were especially nice.

 

[41742]

^ I too own and agree on the imminent Trumping threat of higher tariffs in that industry but the nice thing about WEF is it's DRIPpable (set and forget), another nice little stock. As an alternative to RSI, have you considered TPK whose price is trending down ... and likely will hit high again ... similar coaster ride.

 

[41742]

I've owned this for a long time...got in cheap, watched it roller coaster around over the years, while collecting the dividend. I don't see sugar going away, and I don't see anything better to put my money into, certainly don't want to give the government any of my capital gains, plus I don't like to sell my stuff...just not in my personality, guess I'll just keep holding.

Nice to see activity on this thread though, I rarely look at my holding's performance. I can't see anything wiping out the sugar industry, so I rarely look...plus, it's also not in my personality.

.. not surprised with a RE lord. :biggrin:

 

[Eder]

Ten Peaks Coffee I know nothing about and don't really get why decaffeinating green coffee beans can become such a highly valued business. Of course I missed buying Starbucks back in the day as I didn't get their business model either.

I am trying to cut down the number of equities I need to keep track of and that was another reason to ship all my Rogers out the door.

 

[CrazyEights]

I've owned this for a long time...got in cheap, watched it roller coaster around over the years, while collecting the dividend. I don't see sugar going away, and I don't see anything better to put my money into, certainly don't want to give the government any of my capital gains, plus I don't like to sell my stuff...just not in my personality, guess I'll just keep holding.

Nice to see activity on this thread though, I rarely look at my holding's performance. I can't see anything wiping out the sugar industry, so I rarely look...plus, it's also not in my personality.

Fair enough, however with new trends leading to healthier living, etc etc, the demand for it could reduce. But when your up about 30-40%, mind as well take the opportunity to exit.

 

[Just a Guy]

As a cook, I can't stand the taste of the alternatives. Healthier living is about moderation, not chemical alternatives. People have tried to replace sugar many times in the past, but demand and usage is higher today than in the past.

My crystal ball doesn't work any better than anyone else's, but I've got no plans to stop using sugar, the trend seems to support me, so I'll continue to hold. Besides, the "average" person isn't really into healthier living, they're into processed foods...rich in salt and sugar.

 

[Eder]

. Now what are you planning to replace the winfall with? :smiley_simmons:

I put it all into Tricon Capital Group, I need a bit more real estate exposure, particularly to the USA economy so this seems like a reasonable fit.

 

[41742]

^ Own some of that already too ... looking for an industrial REIT to buy and hold.

 

[james4beach]

RSI (including dividends) is lower than where it was in 2016, so this stock has been going nowhere for 2 years now. What are people's current thoughts?

 

[doctrine]

Well it was as low as $4 in 2016 so it's doing well depending on which month you use. In any case, RSI is a company that depends on government tariffs on imported sugar to survive. They also got into maple syrup, which is a commodity business under pressure from supply growth and margin compression. I'm not sure the reason to buy. They pay out virtually all their earnings so there is not much reinvestment, thus the long term lack of capital appreciation.

 

[41742]

Still holding ... getting close to a decade mark. Now back to :sleeping::sleeping::sleeping:

 

[agent99]

Well it was as low as $4 in 2016 so it's doing well depending on which month you use. In any case, RSI is a company that depends on government tariffs on imported sugar to survive. They also got into maple syrup, which is a commodity business under pressure from supply growth and margin compression. I'm not sure the reason to buy. They pay out virtually all their earnings so there is not much reinvestment, thus the long term lack of capital appreciation.

Do tariffs only apply to refined sugar?

Lantic/Rogers produce most of their refined sugar products from raw cane sugar. Presumably that is 100% imported from tropical countries?

In looking for answer, found this site. It confirms that raw sugar comes in duty free. It also says that Canadian tariffs on sugar products are amongst lowest in world.

https://sugar.ca/International-Trade/Canada-s-sugar-policy.aspx

Tariff on refined products is 5-8%. Refined products from USA came in duty free under NAFTA it seems. Yet US applies high duties to Canadian sugar products entering USA. There have been some changes in USCMA, but they don't seem to significant.
https://farmtario.com/news/some-sweetness-found-in-bitter-usmca-deal/

Looks like Rogers could stand to have a lot more help.