Keith Schaefer has this to say about PEIX
"Talking with the one other newsletter writer who covers the story (institutional level; who did a very detailed financial model of PEIX) thinks that earnings could be as high as $1.16 per quarter. That assumes ethanol margins of $0.50 per gallon—which is actually lower than the $0.65 per gallon where they currently are. And spot market margins have been as high as 80 cents/gallon in late 2013.
This math suggests that PEIX’s pro-forma earnings on $0.50 per gallon margins could be $4.64/share for 2014."
That puts the current share price of $4.53 at about 1X 2014 earnings. Other ethanol stocks trade at 12 to 15 times earnings
On top of everything else, this stock did something yesterday it has not done for years....
It broke above the 50 weekly sma. That has been resistance against every rally for 2 years.
Look for heavy support (like yesterday) at 4.34 area. THAT is your number.
Everything else is secondary. That sends a huge signal to current and would-be participants.
I was lucky to grab a bunch more early at 4.21 now that this is marginable.
Do your DD.
Just broke multi year trendline on huge volume.
broke 200, 50 and weekly 50 on very heavy volume all in last 2 weeks.
massive 180 on business fundamentals.
sales TTM = 1 Billion dollars. market cap currently 65MM
margins and sales increasing rapidly.
Ethanol is global. Demand for the cheapest trans fuel on the planet is skyrocketing. Ethanol price up 40% last month alone.
Listen to investor conf from Tuesday. So bullish I cant even describe it.
will soon catch up after the collapse in price from the ginormous losses pulse reported recently, and when it does, it will crush this price down another flight of stairs.
you are a lying sac of #$%$. should I pull up the post just before earnings where you bot 5k more????????
you even sorta said a prayer and hoped everything would be okay. You were adding all the way down and other posts confirm that too.
You lost your #$%$ and now are trying to pretend that you came out of this death spiral aok.
It never ceases to amaze me the bee-ess I read from pumpers like you....sorry, ex pumpers, now 'realist' lol.
You are so busted
I bot more this am. I may pump, but I am in there with you. This baby's fundamentals have done a complete 180.
listen or read the investor conference they attended yesterday. They had hedged corn but that ended after last Q, so now they are reaping the crush spread. Ethanol is up 40% in a month and there are 10 other tailwinds too, but I'll let you rummage through it for your piece of mind. going much higher. Their plants are worth 500MM alone. Only West Coast ethanol producer.
paid down 8.5MM this qtr alone....they sell 1 billion gallons of ethanol and margins just rose 50 cents. can you do the math?