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taking a chance but i think it is worth it.
This pick is speculative, the bet is as commodities prices rise, for instance the sudden boom in wheat prices, domestic sugar will follow. Canada is a perfect secondary source for sugar. The sugar market should remain stable at worst.The dividend (12.64) makes this a very attractive position as well.For those that don't know this is a Canadian sugar refiner. The Group's principal activity is to refine, processes, distribute and market sugar products in Western Canada. The Group has two sugar processing facilities, a cane sugar refinery in Vancouver, British Columbia and a sugar beet processing facility in Taber, Alberta. The sugar products are marketed primarily under the "Rogers" trade name, and include granulated, icing, cube, yellow and brown sugars, liquid sugars and specialty sugars and syrups. The Group operates in Canada, the United States and other countries.
A Canadian sugar producer/income fund. It is an open-ended limited purpose trust with interests in Rogers Sugar, Ltd. and Lantic Sugar Limited. Distributable cash is up 17% or by $3 million. Monthly distributions up by 4.5% as of Dec 07. Demand is up. This commodity will only increase with world demand. Have to do your digging if you want to know more. The info is out there.
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