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Ohhhhhh they made my day.
They made my day because I was right all along and you were wrong and lost a lot of money.
Just like you’re losing in PEIX.
Sorry you’re so bored that this occupies your time.
Take care toodles
if those made your day, then your life is much worse than once believed...Love that you follow me thou...Enjoy your weak body and mind...
Haaaaaaaaaaa
Yeah
You took quite the beating on it too.
It was so funny to watch you go from uber bull on SFOR to lashing out on Twitter.
Those tweets and your conversion in here made my day.
i left sfor long time ago sweetie..
Bwaaaaaaaa haaaaaaaa
You should be shorting PEIX.
I wouldn’t touch SFOR with a ten foot pole.
Always the same with those clowns;
“Sometime next quarter will be pivotal”.
I’ve rotated into some great short plays.
The Nasdaq and S&P and the DJIA.
Try to keep up
Lololololol @ a “maintained buy rating” from an analyst who has publicly said “the higher PEIX goes, the more money we make for PEIX During this offering and that means we make more money.”
That’s why this upgrade has zero weight to it.
This is all public info.
PEIX had to disclose the direct connections between PEIX, HC, and their intent to make the share price higher.
I called this over a month ago. I can’t even believe that a financial institution with a direct relationship and financial gain to a share price even has the balls to issue such outlandish share price targets.
Seems most don’t remember that the 52 week Low on this stock is $0.22.
To issue a price target of between $16.50 and over $20.00 on a stock you’re directly connected to and stand to gain millions in profit should be criminal.
Oh wait...it is criminal which is why SFOR had to come up with an 8K and press release to cover their butts.
Oops
Pacific Ethanol Reports Third Quarter 2020 Results
4:08 pm ET November 9, 2020 (Globe Newswire)
Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer of specialty alcohols and essential ingredients, reported its financial results for the three and nine months ended September 30, 2020.
"We have realigned our business around specialty alcohols and essential ingredients, focusing on the stable growth markets of Health, Home & Beauty, Food and Beverage and Essential Ingredients," said Mike Kandris, Pacific Ethanol's CEO. "Our 3rd quarter net income of $14.9 million and Adjusted EBITDA of $34.1 million reflect our efforts to reposition the company to produce sustainable and profitable results going forward. We have successfully transitioned production at our Pekin, Illinois campus to approximately 50% specialty alcohols. We are further expanding capacity at our Pekin facility and investing in quality assurance and certifications to expand addressable customers and markets to further build our business.
"To support these efforts, we raised $75 million in October through an equity offering, the net proceeds of which will significantly reduce legacy debt, improve our balance sheet, and be accretive to 2020 earnings per share on a pro forma basis. We took a further step with the recently announced agreement to sell the grain handling assets at our Burley, Idaho plant for $10 million, which will monetize idled assets at an accretive value. The proceeds will be used to prepay debt.
"We have many attractive reinvestment opportunities which we can complete with the support of our strengthened balance sheet. For example, we are investing in a capacity expansion of our yeast facility to increase annual production by 15%. We expect to complete this project by the third quarter of 2021."
"We are reaffirming our second half of 2020 guidance of Adjusted EBITDA between $50 and $70 million dollars and $66 and $86 million dollars for the full year," stated Bryon McGregor, Pacific Ethanol's CFO. "The majority of our 2021 specialty alcohol production has already been contracted at fixed prices for terms of one year or more. We expect long-term tailwinds from continued growth in demand for specialty alcohols and essential ingredients."
Financial Results for the Three Months Ended September 30, 2020 Compared to 2019
Financial Results for the Nine Months Ended September 30, 2020 Compared to 2019
Third Quarter 2020 Results Conference Call
Management will host a conference call at 8:00 a.m. Pacific Time / 11:00 a.m. Eastern Time on Tuesday, November 10, 2020, and will deliver prepared remarks via webcast followed by a question and answer session.
The webcast for the call can be accessed from Pacific Ethanol's website at www.pacificethanol.com. To gain immediate access to the call, bypass the operator and avoid the queue, you may pre-register by clicking here. Alternatively, you may dial the following number up to twenty minutes prior to the scheduled conference call time: (888) 869-1189 or (706) 643-5902 and reference 9127549.
If you are unable to participate in the live call, the webcast will be archived for replay on Pacific Ethanol's website for one year. In addition, a telephonic replay will be available at 2:00 p.m. Eastern Time on Tuesday, November 10, 2020, through 2:00 p.m. Eastern Time on Tuesday, November 17, 2020. To access the replay, please dial (855) 859-2056. International callers should dial 00-1 (404) 537-3406. The pass code will be 9127549.
Use of Non-GAAP Measures
Management believes that certain financial measures not in accordance with generally accepted accounting principles ("GAAP") are useful measures of operations. The company defines Adjusted EBITDA as unaudited net income (loss) attributed to Pacific Ethanol, Inc. before interest expense, provision (benefit) for income taxes, asset impairments, loss on extinguishment of debt, purchase accounting adjustments, fair value adjustments, and depreciation and amortization expense. A table is provided at the end of this release that provides a reconciliation of Adjusted EBITDA to its most directly comparable GAAP measure, net income (loss) attributed to Pacific Ethanol, Inc. Management provides this non-GAAP measure so that investors will have the same financial information that management uses, which may assist investors in properly assessing the company's performance on a period-over-period basis. Adjusted EBITDA is not a measure of financial performance under GAAP and should not be considered as an alternative to net income (loss) attributed to Pacific Ethanol, Inc. or any other measure of performance under GAAP, or to cash flows from operating, investing or financing activities as an indicator of cash flows or as a measure of liquidity. Adjusted EBITDA has limitations as an analytical tool and you should not consider this measure in isolation or as a substitute for analysis of the company's results as reported under GAAP.
Information reconciling forward-looking Adjusted EBITDA to forward-looking net income (loss) attributed to Pacific Ethanol, Inc. would require a forward-looking statement of net income (loss) attributed to Pacific Ethanol, Inc. prepared in accordance with GAAP, which is unavailable to the company without unreasonable effort. The company is not able to provide a quantitative reconciliation of forward-looking Adjusted EBITDA to forward-looking net income (loss) attributed to Pacific Ethanol, Inc. because certain items required for reconciliation are uncertain, outside of the company's control and/or cannot be reasonably predicted, such as fair value adjustments, asset impairments, if any, and provision (benefit) for income taxes, which the company views as the most material components of net income (loss) attributed to Pacific Ethanol, Inc. that are not presently estimable.
About Pacific Ethanol, Inc.
Pacific Ethanol, Inc. (PEIX) is a leading producer of specialty alcohols and essential ingredients. The company is focused on products for four key markets: Health, Home & Beauty, Food & Beverage, Essential Ingredients and Renewable Fuels. The company's customers include major food and beverage companies and consumer products companies. Pacific Ethanol's subsidiary, Kinergy Marketing LLC, markets all specialty alcohol products for Pacific Ethanol's distilleries as well as fuel grade ethanol for third parties. Pacific Ethanol's subsidiary, Pacific Ag. Products LLC, markets wet and dry distillers grains. For more information please visit www.pacificethanol.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements and information contained in this communication that refer to or include Pacific Ethanol's estimated or anticipated future results or other non-historical expressions of fact are forward-looking statements that reflect Pacific Ethanol's current perspective of existing trends and information as of the date of the communication. Forward looking statements generally will be accompanied by words such as "anticipate," "believe," "plan," "could," "should," "estimate," "expect," "forecast," "outlook," "guidance," "intend," "may," "might," "will," "possible," "potential," "predict," "project," or other similar words, phrases or expressions. Such forward-looking statements include, but are not limited to, statements concerning future market conditions, including the supply of and domestic and international demand for specialty alcohols, fuel-grade ethanol and co-products; the timing and success of Pacific Ethanol's efforts to expand production capacity; the ability of Pacific Ethanol to timely close the sale of its grain handling assets at its Burley, Idaho plant; Adjusted EBITDA amounts that Pacific Ethanol might generate; and Pacific Ethanol's other plans, objectives, expectations and intentions. It is important to note that Pacific Ethanol's plans, objectives, expectations and intentions are not predictions of actual performance. Actual results may differ materially from Pacific Ethanol's current expectations depending upon a number of factors affecting Pacific Ethanol's business. These factors include, among others, adverse economic and market conditions, including for specialty alcohols, fuel-grade ethanol and co-products; export conditions and international demand for fuel-grade ethanol and co-products; fluctuations in the price of and demand for oil and gasoline; raw material costs, including production input costs, such as corn and natural gas; the continued effects of the novel coronavirus on travel and the demand for transportation fuels, sanitizers and disinfectants; and the ability of Pacific Ethanol to timely and successfully execute on its strategic realignment initiatives and remain in compliance with its debt covenants, including Pacific Ethanol's compliance with its prior and continuing obligation to obtain lender approval of a comprehensive plan to restructure its assets and liabilities, the failure of which currently enables its lenders to accelerate Pacific Ethanol's debt. These factors also include, among others, the inherent uncertainty associated with financial and other projections; the anticipated size of the markets and continued demand for Pacific Ethanol's products; the impact of competitive products and pricing; the risks and uncertainties normally incident to the specialty alcohols and fuel-grade ethanol production and marketing industries; changes in generally accepted accounting principles; successful compliance with governmental regulations applicable to Pacific Ethanol's facilities, products and/or businesses; changes in laws, regulations and governmental policies; the loss of key senior management or staff; and other events, factors and risks previously and from time to time disclosed in Pacific Ethanol's filings with the Securities and Exchange Commission including, specifically, those factors set forth in the "Risk Factors" section contained in Pacific Ethanol's Prospectus Supplement filed with the Securities and Exchange Commission on October 26, 2020.
Company IR Contact: IR Agency Contact: Media Contact:
Pacific Ethanol, Inc. Moriah Shilton Paul Koehler
916-403-2755 LHA Pacific Ethanol, Inc.
Investorrelations@pacificethanol.com 415-433-3777 916-403-2790
paulk@pacificethanol.com
PACIFIC ETHANOL, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited, in thousands, except per share data)
Three Months Ended Nine Months Ended
September 30, September 30,
2020 2019 2020 2019
Net sales $ 204,727 $ 365,160 $ 728,205 $ 1,067,264
Cost of goods sold 183,797 379,976 688,983 1,080,398
Gross profit (loss) 20,930 (14,816 ) 39,222 (13,134 )
Selling, general and administrative expenses (6,404 ) (8,687 ) (25,245 ) (23,630 )
Gain on litigation settlement 11,750 -- 11,750 --
Income (loss) from operations 26,276 (23,503 ) 25,727 (36,764 )
Interest expense, net (4,199 ) (5,163 ) (14,153 ) (15,014 )
Fair value adjustments (6,856 ) -- (7,497 ) --
Other income (expense), net (6 ) (407 ) (1,164 ) 254
Income (loss) before benefit for income taxes 15,215 (29,073 ) 2,913 (51,524 )
Benefit for income taxes -- -- -- --
Consolidated net income (loss) 15,215 (29,073 ) 2,913 (51,524 )
Net loss attributed to noncontrolling interests -- 1,747 2,166 3,662
Net income (loss) attributed to Pacific Ethanol, Inc. $ 15,215 $ (27,326 ) $ 5,079 $ (47,862 )
Preferred stock dividends $ (319 ) $ (319 ) $ (949 ) $ (946 )
Net income (loss) available to common stockholders $ 14,896 $ (27,645 ) $ 4,130 $ (48,808 )
Net income (loss) per share, basic $ 0.25 $ (0.58 ) $ 0.07 $ (1.04 )
Net income (loss) per share, diluted $ 0.24 $ (0.58 ) $ 0.07 $ (1.04 )
Weighted-average shares outstanding, basic and diluted 58,503 47,777 55,620 47,030
Weighted-average shares outstanding, basic and diluted 61,699 47,777 57,958 47,030
PACIFIC ETHANOL, INC.
CONSOLIDATED BALANCE SHEETS
(unaudited, in thousands, except par value)
September 30, December 31,
ASSETS 2020 2019
Current Assets:
Cash and cash equivalents $ 38,730 $ 18,997
Accounts receivable, net 44,465 74,307
Inventories 37,706 60,600
Prepaid inventory 1,215 1,528
Assets held-for-sale 6,920 69,764
Derivative instruments 5,792 2,438
Other current assets 2,887 4,430
Total current assets 137,715 232,064
Property and equipment, net 306,251 332,526
Other Assets:
Right of use operating lease assets, net 21,710 24,346
Notes receivable 15,624 --
Assets held-for-sale -- 16,500
Intangible assets 2,678 2,678
Other assets 5,484 4,381
Total other assets 45,496 47,905
Total Assets $ 489,462 $ 612,495
PACIFIC ETHANOL, INC.
CONSOLIDATED BALANCE SHEETS (CONTINUED)
(unaudited, in thousands, except par value)
September 30, December 31,
LIABILITIES AND STOCKHOLDERS' EQUITY 2020 2019
Current Liabilities:
Accounts payable - trade $ 17,582 $ 29,277
Accrued liabilities 11,721 22,331
Current portion - operating leases 2,541 3,457
Current portion - long-term debt 74,900 63,000
Liabilities held-for-sale -- 34,413
Derivative instruments -- 1,860
Other current liabilities 8,361 6,060
Total current liabilities 115,105 160,398
Long-term debt, net of current portion 87,989 180,795
Operating leases, net of current portion 19,659 21,171
Other liabilities 21,493 23,086
Total Liabilities 244,246 385,450
Stockholders' Equity:
Pacific Ethanol, Inc. Stockholders' Equity:
Preferred stock, $0.001 par value; 10,000 shares authorized; 1 1
Series A: 0 shares issued and outstanding as of September 30, 2020 and December 31, 2019
Series B: 927 shares issued and outstanding as of September 30, 2020 and December 31, 2019
Common stock, $0.001 par value; 300,000 shares authorized; 63 56
63,484 and 55,508 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively
Non-voting common stock, $0.001 par value; 3,553 shares authorized; -- --
1 share issued and outstanding as of September 30, 2020 and December 31, 2019
Additional paid-in capital 963,606 942,307
Accumulated other comprehensive loss (2,370 ) (2,370 )
Accumulated deficit (716,084 ) (720,214 )
Total Pacific Ethanol, Inc. Stockholders' Equity 245,216 219,780
Noncontrolling Interests -- 7,265
Total Stockholders' Equity 245,216 227,045
Total Liabilities and Stockholders' Equity $ 489,462 $ 612,495
Reconciliation of Adjusted EBITDA to Net Income (Loss)
Three Months Ended Nine Months Ended
September 30, September 30,
(in thousands) (unaudited) 2020 2019 2020 2019
Net income (loss) attributed to Pacific Ethanol $ 15,215 $ (27,326 ) $ 5,079 $ (47,862 )
Adjustments:
Interest expense, net* 4,003 5,163 13,785 15,014
Fair value adjustments 6,856 -- 7,497 --
Benefit for income taxes -- -- -- --
Depreciation and amortization expense* 8,049 9,751 24,254 29,232
Total adjustments 18,908 14,914 45,536 44,246
Adjusted EBITDA $ 34,123 $ (12,412 ) $ 50,615 $ (3,616 )
________________
* Adjusted for noncontrolling interests.
Commodity Price Performance
Three Months Ended Nine Months Ended
September 30, September 30,
(unaudited) 2020 2019 2020 2019
Production gallons sold (in millions) 43.5 130.1 223.0 365.6
Third party gallons sold (in millions) 76.7 80.2 212.9 258.3
Total gallons sold (in millions) 120.2 210.3 435.9 623.9
Total gallons produced (in millions) 45.2 124.2 209.1 368.0
Production capacity utilization 40 % 82 % 54 % 81 %
Average ethanol sales price per gallon $ 1.71 $ 1.61 $ 1.60 $ 1.59
Average CBOT ethanol price per gallon $ 1.27 $ 1.41 $ 1.20 $ 1.38
Corn cost - CBOT equivalent $ 3.29 $ 3.85 $ 3.49 $ 3.80
Average basis 0.22 0.47 0.29 0.42
Delivered cost of corn $ 3.51 $ 4.32 $ 3.78 $ 4.22
Total co-product tons sold (in thousands) 255.5 720.4 1,177.5 2,096.0
Co-product return % (1) 50.2 % 30.9 % 44.6 % 35.1 %
________________
(1) Co-product revenue as a percentage of delivered cost of corn.
https://ml.globenewswire.com/media/59a1b8aa-b1c0-49c5-a7e2-bd7c7502792a/small/pacific-ethanol-inc-logo.jpg
Earnings per share rose 141.38% over the past year to $0.24, which beat the estimate of $0.22.
PEIX Q3 EPS $0.24 Beats $0.22 Estimate, Sales $204.70M Beat $199.38M Estimate
Pacific Ethanol Enters $10M Agreement to Sell Idaho Grain Handling Facilities$10M cash
Bought shares today. Been waiting for weeks to buy right before 10Q comes out this afternoon. Doesn't matter if thinking covid cure is now available. Peix is selling, making money and report will prove that this now is undervalued. Peix, going up!!!
* * $PEIX Video Chart 11-05-2020 * *
Link to Video - click here to watch the technical chart video
Breaking News: $PEIX Why Pacific Ethanol Stock Shot Higher Today
Shares of Pacific Ethanol (NASDAQ: PEIX) , which makes alcohol products for disinfectants, beverages, renewable fuels, and more, soared higher Thursday morning, trading up by 24% as of 12:19 p.m. EST. But there was no obvious reason for that sharp move. Nothing tied to the elect...
Got this from PEIX - Why Pacific Ethanol Stock Shot Higher Today
News; $PEIX Pacific Ethanol to Participate in Upcoming Investor Conferences
SACRAMENTO, Calif., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Pacific Ethanol, Inc. (NASDAQ: PEIX) , a leading producer of specialty alcohols and essential ingredients, announced that management expects to participate in the following virtual investor events in November. Stifel 2020...
Read the whole news PEIX - Pacific Ethanol to Participate in Upcoming Investor Conferences
We are going to get the name change soon?
You will not see a name change until 2021.
How’s that for soon?
There’s no emotion here.
PEIX just closed a $75 million dollar offering.
That offering was directly for shares and warrants for shares.
If you think it’s improbable that PEIX goes back to under a dollar then you should have owned them when they were at $.022 and someone said they are going to $11.00 or higher.
PEIX should have used cash on hand to buy back shares. What they should not have done was leaned on the tired investors who finally saw the light at the end of the tunnel and diluted them once again.
Shareholders watched as management sold shares to lenders so they could buy facility after facility and they promised each one to be accretive...and they weren’t.
Now they’re saying this deal will pay off debt and be accretive.
Shareholders kept being fed shit and told it’s caviar.
Proof is in the pudding.
Appreciate your viewpoint - you could be right.
As I said, I have no opinion, and just reposted a link I got in an email without doing any research on PEIX.
Not involved in the stock, not even looking at it.
Looks like it's had a nice run, for those that got a piece of it.
GL to anyone still involved.
‘I can see PEIX at under $1.00 per share based on this crap. ‘
Do you think this will go under a dollar?
Really hate so much emotional description wIthout the analysis of paid off debt , locked in 2021 alcohol contracts, etc.
We get name change soon with new CEO , new business strategy and little debt . Things are looking positive to some of us .
So sorry to disappoint you. I am not an expert. Also, I am not all knowing. I am waiting. If you are out of Peix, then chill. We will likely both be wrong.
WTF are you talking about?
The low share count?
Have you lost your mind???
They literally did this:
They hired H.C. To sell shares
H.C. Then upgraded their share price target to $16.50
Then they announced an “oh by the way” SEC filing where they said that H.C. was spearheading a stock sales campaign in an effort to get the highest share price that they could.
Then H.C. and PEIX announce that they are new owners with a 60% discount of over 5 millions shares which means they can all sell their immediately available shares at a 100% profit!
I hate talking to people who cannot read SEC filings and understand them.
You are going to lose everything and this is my last post to you.
Anyway, I am only watching for a while. Not nimble enough to day trade.
Lol. Ok. But if it goes that far down, I will have to reconsider the whole trade. but you might consider the low share count even after the recent Share issue. also, they are said to have contracts going forward a year.
Doesn’t matter
I’m
Out
Have fun
You’re going to lose
This stock is headed towards $1.00 per share or less.
Do you even know what a $75 million dollar share/warrant with a 60% discount does for a stock.
I’ll give you a clue:
Take that stock price and cut it in half.
Now take that same stock and don’t cut it in half...cut it by 60%.
That’s where PEIX is headed
See you there and I’ll be a buyer there
Yo Bruh...
It’s already in the $5’s and it posted a brand new lower low.
This thing is headed to $1.00.
If you haven’t seen it, they already posted preliminary ear rings which showed a near 40% loss in revenue.
Clearly, PEIX cannot switch from ethanol to alcohol overnight.
You’ve overpaid to support this scam stock.
My $6.00’s are being sold as we speak because I’d rather rip that band aid off than be a baby and tear it off slowly... it’ll bleed either way so may as well get it over with.
Enjoy you slow bleed
Nah. You wish. We have election jitters, earnings post election, and had a big run. They issued shares to retool, and pay down debt, and we have a second wave starting. I doubt it will get to 5, but if so it will be attractive.
There is no support on a stock that ran from $0.22 to $11.00
I’m long PEIX and bought more today at $6.00.
I’d love to see it run but this crap with HC has me worried about the play.
It is a matter of time before law firms start announcing lawsuits and you’ll be a fool to buy over $5.00
Too negative. Support is low 5s. Be neat if it gets there, if you want a good price.
Do NOT buy this dip.
There is no dip here.
PEIX ran from $0.22 to over $11.00.
They actually topped out at $11.44 which coincidentally is 10 code for Dead On Arrival here in San Diego.
Since then it’s fallen almost daily and hit a new low of $5.80 today.
They priced a $75 million dollar offering and they should have used cash on hand to purchase their stock but instead this new money hungry CEO decided to place the burden of available cash on shareholders.
Once again, PEIX has chosen to use shareholders instead of good old fashioned actual work.
I can see PEIX at under $1.00 per share based on this crap.
By the way...
Before you decide to buy...
call their corporate office. You’ll get voicemail all day long during normal working hours.
That voicemail will prompt you to press 1 for investor relations and you’ll get another voicemail.
Leave a message. They won’t call you back.
Once you’ve done that, then you can decide to invest.
PEIX buy the dip?
I have no opinion, but got this in today's email:
https://seekingalpha.com/article/4382603-pacific-ethanol-buy-dip
Summary
+ Shares on the retreat after rallying more than 3,000% from March lows on the combination of broader market weakness and a surprise equity offering.
+ Company announces strategic shift from renewable fuels to specialty alcohols and essential ingredients after the COVID-19 pandemic caused demand for sanitizers and disinfectants to soar.
+ Discussing the underwhelming terms of Monday's surprise equity offering, the company would have likely fared much better by simply selling more shares into the open market.
Expect demand for the company's high-quality alcohol products to remain strong for the foreseeable future. Adjusted EBITDA should exceed $125 million next year.
+ Buy with both hands going into the company's third quarter earnings release and conference call on November 9. At a very moderate 6x Enterprise Value/Adjusted FY2021 EBITDA ratio, the short-term price target for the shares calculates to $9.
The shorts barely hold 3.5% of the float.
Even if all short positions had to cover it’d be worth a blip...a barely green day on a chart otherwise buried in red.
Less than 1.8 million shares short.
That’s less than 25% the average daily volume to cover.
I personally love the stock and the new direction with alcohol and sanitizers and the shift away from ethanol.
I initiated a new position yesterday @$6.05 so I’m long SFOR but I have some questions for PEIX:
1.) The HC Wainwright connection seems super shady to me. How can a management company like HC hold a position that wasn’t disclosed and then issue such a lofty share price target without it being insider trading or at the very least a conflict of interest?
2.) Why would PEIX offer $75 Million in shares? At the time of the filings the stock had soared from $0.22 to over $4.00 per share. Why not use the cash on hand to buy back their own shares? Why dilute the shareholder?
3.) Yes, a run from $0.22 to $11.44 is nothing to complain about BUT what about the investors who bought years ago at $15.00 or $19.00 and suffered massive losses from those prices down to $0.22?
Those investors finally saw a glimmer of hope on this monster run to $11.44 only to see the stock priced nearly cut in half ($5.92 yesterday) over the last few days because of this highly dilutive offering.
Like I said, I’m long PEIX but these are serious concerns. I would love to see SFOR be a long term play for me but I’ll sell the moment a profitable trade turns into a break even event or a loss.
Shorts gonna lock in gains here to cover soon
Brutal no doubt, but once market bounces look for short positions to lock in gains and see this spike back up fast.
But kudoo's for anyone short cause this was panic liquidation. Still see $10+ after election
Demand for alcohol sanitizer will be huge
As COVID-19 explodes through fall and winter demand for alcohol based sanitizer will be explosive.
Add in this highly profitable for PEIX its only matter of time this see a major short squeeze back above $10.....and like really SOON!
PEIX = alcohol sanitizer + covid
PEIX placed on watch as COVID-19 play!
Alcohol Sanitizers and COVID-19
In case you haven’t been paying attention to the market COVID-19 cases are surging again as we head into the fall/winter season. This has resulted in new and pending lockdowns in Spain, France, Germany, Italy, UK, and Ireland.
In a note to subscribers, Ludlow Research placed PEIX on its watch list stating, “With coronavirus cases spiking to record highs in the US we could start to see targeted shutdowns in select areas the US, especially as hospitals reach full capacity. This could draw investor interest towards PEIX as supplier of alcohol for sanitizers and healthcare market, along with their improved revenue outlook.
H.C. Wainwright raised its price target on PEIX to $16
Well, personally, I'll feel more comfortable with a lower entry. It has gone up too fast on estimates and speculation. I think product diversification potentially is a good idea.
It’s not about looking or finding it somewhere because it’s all over the news and filed with the SEC.
They are changing their name but they haven’t said what it will be.
They are not leaving the ethanol/renewable fuels space but they are shifting product priorities.
All of this sounds great BUT this WC Rainwright business has me worried.
WC was involved in a securities placement for PEIX while giving them an upgrade on the stock and giving them a $16.50 price target.
I saw somewhere they are issuing 7.5% more stock, as well as strategic change and a name change. Cramer said yesterday to wait as peix is looking for a new base.
Is this HC Wainwright upgrade insider trading?
I don’t see how it’s legal to have a stake in the company common stock and then issue an upgrade.
Then once the agreement is terminated the stock craters by nearly 40%.
Specialty alcohols largest contributor to revenues
"specialty alcohols used in consumer products are now the largest contributor to our revenues"
So PEIX recent run was based on growth in this area, and now could even double
Specialty alcohols sell at premium to ethanol
Specialty alcohols used in consumer products sell at a premium to fuel grade ethanol
JUST IN: $PEIX 5 "Strong Buy" Stocks Under $10 to Own for 2021
United Micro Corporation (UMC), Wipro Limited (WIT), CimbaBay Therapeutics (CBAY), Pacific Ethanol (PEIX) and Surface Oncology (SURF) are five stocks, under $10, that are rated "Strong Buys" and should continue to see gains in 2021. Plenty of tech stocks and other growth-oriented stocks ...
Find out more PEIX - 5 "Strong Buy" Stocks Under $10 to Own for 2021
News; $PEIX Why Pacific Ethanol Stock Popped 12.5% Today
Shares of corn-based alcohol producer Pacific Ethanol (NASDAQ: PEIX) closed 10% higher at the end of Monday trading. There wasn't any specific news driving the stock higher...except for the news that you cannot possibly have missed. Just before 1 a.m. Friday, President Donald Tr...
In case you are interested PEIX - Why Pacific Ethanol Stock Popped 12.5% Today
* * $PEIX Video Chart 09-29-2020 * *
Link to Video - click here to watch the technical chart video
JUST IN: $PEIX Why Pacific Ethanol Stock Just Popped 14%
Investors in ethanol producer Pacific Ethanol (NASDAQ: PEIX) are having a terrific year. Since 2020 started -- and the COVID-19 crisis with it -- the company has evolved beautifully from a producer of unprofitable gasoline additives into a producer of very profitable hand sanitizer ...
Find out more PEIX - Why Pacific Ethanol Stock Just Popped 14%
Only info I know is Q3 is supposed to be very good.
Never heard of this stock until now. Looking on Investors observer website. Out of all the stocks in marker. Pacific Ethanol had the highest rating...98/100. Getting in on this stock first thing monday morning. Did some DD about PEIX. Seems promising for sure. Are there any on this board who may have some interesting upcoming info about stock or share price? Much appreciated
Looks like mid to low 5s to cover that huge gap. Then, we rock!
* * $PEIX Video Chart 09-22-2020 * *
Link to Video - click here to watch the technical chart video
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