Can Imperial's Sugar High Last?

A need for its product due to a bad sugar beet crop and Hurricane Katrina has helped the refiner to better its once-souring fortunes

For the last few months, investors in Imperial Sugar (IPSU) have been on a trip to candyland. A rare public outfit in a closely held industry, the Sugar Land (Tex.)-based refiner hit a 52-week high of $35.85 on Apr. 5 before investors soured a bit on the shares, which declined to around $33.69 in midday trading Apr. 6. Even at that level, the share price has more than tripled from its 52-week low reached last May.

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