I will say imo, when you look at what mr market is paying for rex and gpre earnings, what mr market has historically paid for their earnings, when you look at current ethanol margins and ethanol volume, this is NOT an expensive stock, in fact far below market multiple. But watch ethanol margins and volume closely
I would never rely on someone elses advice unless you can trust them 100%. Do your own due diligence, see what the market has historically paid for other ethanol producers like rex and gpre. Pay attention to margins and then set your own price target. When it gets there sell. If margins and or volume start weakening and you have trouble sleeping at night, sell. Thats my one cent, i too am skeptical of stops
Only if production margins stay where they are now or higher, at least according to the ceo
So my immediate reaction was this deal would not nec have a benefit this q, but long term its slightly bullish so i am not selling today. But obviously we have to be leery of headline earnings next q as there will be a fva deduction and there very well could be a deduction for this purchase. How the market reacts i have no clue. But the market did not react well short term to the q1 fva deduction from earnings did they?
I agree, i dont know, you notice how NKs comments were vague. He never said this would be accretive to earnings this q as you well know
Is it insiders? We shall find out in a few days.....no worries i am quite confident there will be more upgrades! Thats how wall st rolls! Ie look at all the plethora of upgrades in last 3 months and look at the fact insiders dumped 100 mill during that timeframe.
Sentiment: Strong Buy
They said IF! Of course that statement is a no brainer. The key question is did UBS actually predict that the nuc would be safe and effective? Now that would be news worthy.
Sentiment: Strong Buy
Cant help you but assume you read NKs comments. He inferred at current production margins this is immed accretive to shareholder earnings
Who knows, maybe the seller of that 5% just took that 6 mill and rolled some of it into PEIX stock? If this deal is accretive to earnings, it could be a good move!
Maybe maybe not, i think on fri he called me and jt an idiot, but today above he only called me an idiot. So that actually could be construed as negative progress lol
Its not bad info, i mentioned book value and i know exactly what book value means. I did not say it would actually CHANGE book value, only that it was not nec bullish for it. Btw you are the one who wrote that mother nature can not revert to a mean. While anyone who went to HS knows that anything like temp, rain, humidity that you can keep historical data on, absolutely can revert to a mean. So pls take ur own advice
I may be an idiot. But i bought 125thou shares of peix at approx 3.5 so you dont have to fret/complain about me too much. Have less than half of that now but Ill be ok
Hey they didnt buy the whole 9, you are not wrong.....yet lol
I am not a futures trader, but if i had half a brain i will become one. I have a bid for CORN , the etf. If it hit it would be for less than 1% of my portfolio. In nov i was consider making 10% of my portfolio consisting of CORN, WEAT, BAL, SOYB, and JJG instead of having 10% concentrated in just CORN. But in that timeframe i have to look at getting in on futures trading instead of buying these etfs as these etfs have VERY high expenses. Currently peix and gpre make up more than 20% of my portfolio. Risky
In nov i anticipate making a strong push for corn at the right price. No idea if that will ever materialized. You know what god does with plans? He laughs his #$%$ off