diff --git a/src/java/org/apache/poi/hssf/eventusermodel/MissingRecordAwareHSSFListener.java b/src/java/org/apache/poi/hssf/eventusermodel/MissingRecordAwareHSSFListener.java
index 7e5007a65..15206bd21 100644
--- a/src/java/org/apache/poi/hssf/eventusermodel/MissingRecordAwareHSSFListener.java
+++ b/src/java/org/apache/poi/hssf/eventusermodel/MissingRecordAwareHSSFListener.java
@@ -20,15 +20,7 @@ package org.apache.poi.hssf.eventusermodel;
 import org.apache.poi.hssf.eventusermodel.dummyrecord.LastCellOfRowDummyRecord;
 import org.apache.poi.hssf.eventusermodel.dummyrecord.MissingCellDummyRecord;
 import org.apache.poi.hssf.eventusermodel.dummyrecord.MissingRowDummyRecord;
-import org.apache.poi.hssf.record.BOFRecord;
-import org.apache.poi.hssf.record.CellValueRecordInterface;
-import org.apache.poi.hssf.record.MulBlankRecord;
-import org.apache.poi.hssf.record.MulRKRecord;
-import org.apache.poi.hssf.record.NoteRecord;
-import org.apache.poi.hssf.record.Record;
-import org.apache.poi.hssf.record.RecordFactory;
-import org.apache.poi.hssf.record.RowRecord;
-import org.apache.poi.hssf.record.SharedFormulaRecord;
+import org.apache.poi.hssf.record.*;
 
 /**
  * <p>A HSSFListener which tracks rows and columns, and will
@@ -72,6 +64,11 @@ public final class MissingRecordAwareHSSFListener implements HSSFListener {
 			thisRow = valueRec.getRow();
 			thisColumn = valueRec.getColumn();
 		} else {
+            if (record instanceof StringRecord){
+                //it contains only cashed result of the previous FormulaRecord evaluation
+                childListener.processRecord(record);
+                return;
+            }
 			thisRow = -1;
 			thisColumn = -1;
 
diff --git a/src/testcases/org/apache/poi/hssf/eventusermodel/TestMissingRecordAwareHSSFListener.java b/src/testcases/org/apache/poi/hssf/eventusermodel/TestMissingRecordAwareHSSFListener.java
index e632cbbbb..6a60f9454 100644
--- a/src/testcases/org/apache/poi/hssf/eventusermodel/TestMissingRecordAwareHSSFListener.java
+++ b/src/testcases/org/apache/poi/hssf/eventusermodel/TestMissingRecordAwareHSSFListener.java
@@ -461,4 +461,22 @@ public final class TestMissingRecordAwareHSSFListener extends TestCase {
 		}
 		assertEquals(2, eorCount);
 	}
+
+    public void testStringRecordHandling(){
+        readRecords("53588.xls");
+        Record[] rr = r;
+        int missingCount=0;
+        int lastCount=0;
+        for (int i = 0; i < rr.length; i++) {
+            Record record = rr[i];
+            if (record instanceof MissingCellDummyRecord) {
+                missingCount++;
+            }
+            if (record instanceof LastCellOfRowDummyRecord) {
+                lastCount++;
+            }
+        }
+        assertEquals(1, missingCount);
+        assertEquals(1, lastCount);
+    }
 }
diff --git a/test-data/spreadsheet/53588.xls b/test-data/spreadsheet/53588.xls
new file mode 100644
index 000000000..716305b54
Binary files /dev/null and b/test-data/spreadsheet/53588.xls differ