first that is incorrect.
second, the slide came a day after a tax credit was initiated in brazil, helping their producers to export
and that was a Wednesday with a bearish EIA report for eth.
if you knew anything about peix you would know they ship 0 (zero) ethnol via rail!!!!!!
they deliver by truck as they are near the refiners and depots that feed the refineries.
If there were a ban on eth in rail tankers (which is patently ridiculous) they would benefit massively.
But that is a concept that may be hard to conjugate for you.
that was attainable, but things change. ethanol dropped 33% after labor day.
I warned everyone on stocktwits and then shorted in real time with postings indicating same
don't believe me, just look at my posts, under 'damarketplayer' and you will see I am 100% truthful.
the estimates were for 2.50 in 2015, after 3.50 in 2014. with $2 share in cash it was the reason analysts were the ones calling for 30, I reiterated their calls...but alas, things change. Go see what happened to GTAT.
And,yes, I called it.
damarketplayer, look it up and read it and weep.
If you really had followed me in on peix then you would have seen my myriad postings there a few weeks ago saying I was leaving yahoo for stocktwits. If you had followed me there you would have seen I went short 3 weeks ago. I have not posted on yahoo for weeks until I saw your ridiculous drivel. Maybe its been over a month even by now.
So your comments ring hollow
it was around dec 7th and the stock was exactly $4. It went up 600% in 9 months on margins/profits/cash.
best performing profitable stock during that period.
end of story.
estimates were raised by 28%!
I'm not a good pumper lol.
those questions were answered as well. might want to listen again and listen to Q1.
but since one of these questions is easy to answer I will help,
they sell almost all their Eth in the spot market, although some of the Idaho plant is contracted, it is a small %.
You need to look into Kinergy and you need to realize revs grew 37% not because the price of ethanol.
You also need to realize the profit potential from 3rd party gallons they broker in a rising margin environment.
Think about it peix buys ethanol today and sells tomorrow and pockets the delta.
It helped them in Q1, hurt in Q2, and will help again in Q3 due to the slopes of the margin chart over time.
This will be a very big Q. Madera and less interest on debt=big profits, on top of what I just spoke of.
im sorry $5 eps run rate at current margin, 6+ if corn goes to 3 and eth is just steady. so , you get additional 20 cents per gallonx200mm=40 mm - taxes = just over another $1 per share earnings. at a 12 p/e that gets you a price target in the 70's....and that does not factor in the cash on the balance sheet attributable to shareholders.
I am aware of the analytics you speak of. I was trained by two Wall St pro's one of whom partnered in a bulge bracket firm after leaving GS and the other is a writer for Institutional investor. But that aside,
$3 corn, assuming ethanol steady saves 20 cents (3.60-3.00=60 / 2.8=roughly 20 cents) per gallon on input, but gives up a couple of those margin cents for probable lowered values for coproducts corn oil and wdgs
So while margins are about .92 right now (200mmgy *92 cents =180 mm GP, 120mm after taxes and just under $5 eps run rate vs about $4 eps run rate currently.
Watching cali eth daily I have to tell you, along with sept ethanol contract breakout, that I believe a spike in cali eth is coming very very soon. Those darn rail equipment issues. I worked in rail logistics many years ago, as another aside. I used to talk with the VP at the CN regularly in my capacity.
there are a lot of people here who have just enough info to be dangerous, to themselves and others.
They should be taking classes at IBD or something that way they can get above the masses of mediocre investors
bergy, this is a quote from the SA piece-not me. The warrants are nearly all exercised and the street has adjusted their share counts as has yahoo, so im not sure what you are talking about
easily 30 in a few weeks.
that is the first time I have ever missed the t. He is my hero. My ex is a nurse-she's educated, just annoying and petty like you.
this coming week.
From the author just yesterday in a convo in the comments section.-
'2. If you think REX is undervalue, PEIX is waaaaay undervalued. The current TTM P/E is grossly skewed by a fair value adjustment of its warrants that occurred in Q1, turning a potentially largely positive EPS into a largely negative one (-$0.69). This is a result of a spike in their stock recently. They have since been trying to settle all their outstanding warrants and have significantly reduced them in Q2. As a result, I don't see such an outlier event happening again. Adjusting for the fair value adjustment hit in Q1 then, PEIX's forward P/E is in the mid/high teens, and I believe even lower than REX's! This will be the further research and topic of my next article to be published next week.'
news you can use. raw and unadulterated. Just for my lazy friends
I filed for divorce. Anyways lazy uneducated people love when others spoon feed them. Buffet says the market helps those who help themselves.
You are entitled to your opinion. Have you ever added anything here? I put you in the same category as biff and ray. noise.