All sugar companies are brick and mortar companies and they don’t have any part of market cap that can be ascribed to brand values which might evaporate over night. Their raw material supply would not ever end and their consumers will not turn away. Wherever you find a sugar company quoting at less than book value, you must grab a part of it. Most companies have hidden reserves in form of land that they are sitting on, the land itself may be worth more than the present market cap.
