I think beets are only competitive with cane in the US because of the import tariffs. Canada doesn't have those tariffs, so US or Canadian beets have to compete with sugar cane at something more like the world market price.

The US sugar market is seriously messed up. This drove soft drink makers to move to high fructose corn syrup and encouraged several candy makers to move their operations to Canada.

 

Canada has I believe an 8% tariff on refined sugar imports but nothing on raw cane sugar imports. I think the US has like a 150% tariff on any sugar shipped to the US that exceeds quota's. The sugar business is a basket case of protectionist crapola but I like Rogers Sugar dividend and if things get back to average they will cover it next year. I'll buy more at $5.

 

Eder, it appears RSI is getting close to your $5/share target .....down 9.3% in the past 5 days. I may purchase some more too should it dip below $5.

 

I own any yet and waiting for a dip to buy. Seems like a good entry, now below 52-week low.

 

Do it! I already have my grocery cart backed up ... :greedy_dollars:

 

A bit of insider activity the past few weeks...I took the plunge for 1000 shares.
We'll see tomorrow how it plays out.
Jan 4/14 Jan 2/14 Belkin, Alton Stuart Direct Ownership Common Shares 10 - Acquisition in the public market 1,222 $5.37
Jan 3/14 Jan 2/14 Lafrance, Daniel Direct Ownership Common Shares 10 - Acquisition in the public market 581 $5.37
Jan 2/14 Jan 2/14 Ross, M. Dallas H. Direct Ownership Common Shares 10 - Acquisition in the public market 800 $5.36
Jan 2/14 Jan 2/14 Ross, M. Dallas H. Direct Ownership Common Shares 10 - Acquisition in the public market 73 $5.37
Jan 2/14 Jan 2/14 Bergmame, Dean Direct Ownership Common Shares 10 - Acquisition in the public market 853 $5.37
Jan 2/14 Jan 2/14 Heskin, Michael Andrew Direct Ownership Common Shares 10 - Acquisition in the public market 853 $5.38
Jan 2/14 Jan 2/14 Jewell, Donald Direct Ownership Common Shares 10 - Acquisition in the public market 1,037 $5.38
Jan 2/14 Jan 2/14 Maslechko, William S. Direct Ownership Common Shares 10 - Acquisition in the public market 583 $5.36
Jan 2/14 Jan 2/14 Desbiens, Michel Direct Ownership Common Shares 10 - Acquisition in the public market 1,507 $5.36

 

Wouldn't RSI's price be correlated to certain emerging market currencies? If they (ie Brazil) weaken, wouldn't domestic supply become less attractive? Does this explain the recent selloff?

 

Earnings out, not so good!!

http://www.theglobeandmail.com/globe-investor/news-sources/?mid=ccnm.20140130.201401300924819001

 

With $0.35 in earnings, they had a 103% payout ratio for the trailing 12 months. If you like the 7% yield, that might be all you get for some time with an outlook for declining margins on similar sales for the next year.

 

annual report

 

$4.76

 

Still not sure, 2 buy or not.

 

Added to my position at $4.68/share.

 

Also interested in this one. But, how safe is that dividend?

 

As safe as the price of the stock ... you pay and take your chances on this.

Interesting to see post #37 despite the bad news.

 

Couldn't resist a little bottom feeding. Looking for a dead cat bounce, or a divvy cut and relief rally.

 

I bought some RSI yesterday on the 9% nosedive it took when their earnings come out. Someone mentioned only buy if you are happy with 7%. I am quite content with that. I expect it to hover around $5 for a while but will hold for the long term

 

Had a stink bid in at $6.61 that got filled for another 1000 shares.
We'll be watching closely.

 

How did u manage that Al? You mean $4.61.

 

How did u manage that Al? You mean $4.61.

You're right $4.61...still sleeping!!

Wow, really sleeping. I even recorded it as $6.61 on my spreadsheet.
Thanks TGal, I just saved 2k.

 

I'm buying more here...happy its under $5. This is purely a commodity play....the only pop that can happen is if the USA allows a few extra contracts to enter the country like last year...we got a special 50 cent divy due to Rogers jumping on that.

Dividend can/will drop ...atm Rogers has a lot of unused capacity since there's no market for more sugar but they have a near monopoly on Canada (we tax the crap out of sugar imports) so the business is not going away.

 

In the past couple years they paid out a special cash div in February.....my guess is that's definitely off the table this year

 

The last two were on Jan 31st, 2011 ($0.0383) and February 28, 2013 ($0.36). Both were declared in January so I think it's safe to say there will not be one this year.

 

No special divi this year. Next stop $4.

 

You might very well be correct. Another nose dive day for RSI. I am glad I cashed out shortly after I averaged down.

 

I was going to buy around $5. I will wait until $4.

 

My cost is still north of $5 so looks like I'm in long term. $4 soon I'm sure and no special div this year. I think it will recover but it will take a while

 

I'm waiting to see where the stock price is going... but I am interested. Gosh feels good to be back and looking at stock prices, reports, and news :chuncky:

 

If it hits 4, Im In!!!