Either that or he's too tight to buy some press.
2.8 gallons per bushel times west coast gallon price = 2.8 times $2.30 = $6.44.
Now. minus the original bushel, $6.44 - $4.81 = $1.63.
Now divide THAT by 2.8 and your profit per gallon = $0.58.
NOW you can add wdg, corn oil.
No wonder your estimates are so rosy!
scrotum, let's get something straight, RIGHT NOW.
I am Jack. There is ONLY one. That's ME!
If you don't like my posts, fine...but STOP blaming 'em on some totally anonymous DOOSH!
If you like my posts, that's fine too! But STOP giving credit where is it NOT due.
Like or not - I don't give a bloody rat's hind quarters!
I speak my mind, maybe that's what has you FOOLED! You're used to being surrounded by PHONY ANONYMOUS A$(s)h(oles)
p.s. "skodad" - there is only ONE poster who knew my actions prior to and after earnings - and SKODAD is not that poster's name! Go play your bogus math b.s. in the public restroom - try switching hands every now and then.
sko...what's it to YOU? Not upset! Sold day before earnings; bought back as it starting performing after hours (A FIRST!), and cashed out today.
Got no beef with peix or with you! I DO NOT think it is going "up" next week. I think it is going DOWN for the next 4 weeks!
I've been through the wringer with this PIECE OF (S#$%$ company in ways you CANNOT comprehend. For now, I'm done and I'm going to be bad mouthing the stock and the company because, truth be told, ETHANOL is the biggest pile of nonsense to ever come down the pike and all the "green" hype was bogus waaaaay back then (only THEN I believed it!) and NOW I DO NOT believe it.
This mushroom farm of a message board with you bogus clowns with your multiple schizo aliases - done with you.
OK...but there is a point in the future...and it isn't THAT far away...where the funds from warrants would exactly equal remaining plant debt. Since Good Buddy has a knack for this kind of thing, I would expect it to play out like that. (And your $10/share assumption is already glaringly wrong.)
Doesn't mean it will go there today, but STILL a reasonable place to park my pittance.
Still only HALF book.
Well, DUH, it means the EPS is $2.00 annualized and it can go to multiples of P/E WHEN the P/E goes positive! Until then, it's just an abstraction.
You COULD be right...of course...but that isn't the ONLY factor at play here.
And down south, we say, "Y'all".
Still, and we are mushrooms, one and all, doesn't mean the shares were flipped, just that warrants were exercised.
Biff, u wud get that kind of drop just by exercising the warrants...the float calculation to a higher number drops the pps...you don't NEED to have had an instant flip sale.
I'll add this note, as we are ALL just along for the ride and really have NO idea what's going on...but that COULD have been a warrant batch being exercised...that pps adjustment of a slightly higher float, instantaneous as it was, just got absorbed in the up trend. If you calculate like I do, it should mean the float is close to 20 mm shares right now.
I expect a 30% overshoot (e.g. $500 mm book + 30%), the pullback and then a steady climb to P/E multiples AFTER P/E goes positive.