sorry gpre est is .96 not .94. still ours is higher, and their full year estimate is actually .49 less than Pixie's.
Margin of safety is excellent at these prices. Obviously someone did the math and bot ahead of the analyst revision.
of .94. That stock trades at 38 with a ton of debt baggage and low margins.
2014 full year estimate raised for Pixie from 2.60 to 3.69.
Like I said last week, a reasonable valuation is 30. Scoff all you want while my calls go up 300% just today.
and remember REX just put former Republican Speaker Dennis Hastert on their board of directors.
Ethanol has some solid backing
nice political tailwind developing...wonder what the EPA administrator will do with that tidbit, as they come to a final enumeration of RFS 2014.
the class sociopath did not buy 25k shares.
**********note, if you are conversing with this cyber troll I will have to put you on ignore, and probably will stop posting here altogether.
do everyone a favor and just let him go about his nonsense.
you are driving sane people away-make no mistake.
corn is still doing a major 'Lewinsky' act.
fun close today I surmise.
That was predicted earlier here
Spot Ethanol Values Lifted as EIA Shows Production Decline
A midday rally for spot ethanol was underpinned by data released at midmorning by the Energy Information Administration showing U.S. ethanol stocks added 100,000 bbl to 18.3 million bbl last week while domestic ethanol production decreased 26,000 bpd or 2.7% to 927,000 bpd. Logistical woes and export demand also boosted cash ethanol prices. Prompt ethanol at the Argo hub traded at $2.24 gallon, up 2.0cts. Chicago ethanol traded under Rule 11 for this week shipment traded at $2.24 gallon, up 4.0cts. July ethanol barge at the New York Harbor was talked ...
no not til about 5pm EST. yesterday closed around 2.45 in norcal.
it's held up as corn has tumbled.
WDG are still at a premium in Cali due to extreme drought.
from LOD of - 1 cent to HOD + 3 cents.
guess longs win again.
this will ensure an epic week for stock movement.
Chicago, New York Spot Ethanol Up on Domestic, Export Demand
Spot ethanol prices in Chicago and New York extended their rallies Tuesday amid increased buying interest and speculation about exports to Brazil and elsewhere, trade sources said. Prompt shipment ethanol at the Argo hub near Chicago traded at $2.21 gallon for a 2.0cts gain on the day. July ethanol barge at the New York Harbor traded at $2.305 gallon and was later talked at a $2.31 to $2.34 gallon bid/ask spread for a 4.5cts gain.
I bot july and august calls this am.
on a conference call.
here is part...
EPA Administrator Gina McCarthy reiterated her previous statements that the Renewable Fuel Standard 2014 volumes would be released "soon," during a conference call with reporters Tuesday. But this time she may have provided a hint about where EPA is going with the law.
"It has become very clear to me that there's some general concern about volumes and adjustment to volumes," she said. "We're just taking the time we need to make sure the Renewable Fuel Standard takes that into account. It has taken awhile longer. I think they'll (ag, ethanol) be pleased that we're taking the time to get ...
follow the fundamentals.
EIA report out in AM Wed.
long term profits will stay outsized. buybacks coming. too much cash....
inventory shortage in cali was noted in EIA report, 4 days ago.
corn macd just had negative xover, and ethanol just had positive xover, so the trend is just beginning on both fronts.
as always, follow the fundamentals.
also wait til someone contradicts the oil propaganda fallacy that ethanol is inflating corn and food costs.
as corn sees multi yr lows even though corn use for ethanol is at record high...
from cellulosic from kernel
to west coast inventory shortage
I just read an article in 'ethanol producer' yesterday how advanced technology can now produce a ton more cash from yield etc.
ethanol, just like yesterday is continuing a bullish divergence from corn and is already moving through up 2 cents this am as corn flounders.
yesterday was a pivotal day for peix, all in all.
the four things that matter most are all decidedly bullish,
1. multi year corn lows. not even a bounce yet.
2. oil in bull mode. fear means profits. great market hedge ()energy) for portfolio managers. the price gap from gas to ethanol, on the long term chart, predicts an imminent rise in ethanol prices to resume normal relationship. Ethanol has gone green after EIA report this am even in a wicked bearish corn environment-very telling.
3. the previos year comp for this Qtr is about .08 eps. that will be a driver of uber bullish headlines later this month.
4. The lone estimate for this Qtr is .50. Pixie is going to double or triple that figure in 3 weeks. more bullish headlines.
good luck long and shorts
and that is the key. millions of underwater shares when you add it up.