Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
That May be True,No One Attended BK Hearing from Ihub
to get the Strait Scoop ?
Trend Analysis,bottom of the Trading Channel
http://www.stockta.com/cgi-bin/analysis.pl?symb=PEIX&mode=table&table=trend …
Most Recent 6% Ownership Costed $500,000.00
So the 9% should be $750,000.00 at that Rate.
Do You Know the Exact Amount they Will pay for the Remaining
9% ?
It's Inside Information and I Was not In the court room
when the Bankruptcy Judge made the Deal.
Most PEIX Buyers don't Know What Margins Are Currently , they are Buying the Sector Trend and Analysts EPS Predictions
Ethanol Margins and PEIX Stock Price
It's Trading based on EPS
Current Qtr - 0.78 (I think better)
Jun 14 - 0.70
(Not if they Locked in Margins by selling ethanol futures)
Est. $2.20 - 2014 ( 10 multiple x $2.20 Low Ball = $22 )
- Est. $3.01 - 2015 (Next year will be a 20 multiple x $3.01 = $60)
and that is a Low Ball Figure.
Profitable Companies get a Multiple and there is Multiple Expansion Happening Here.
1st - Corn price traditionally rises a little bit in the spring if it is Low to get Farmers to Plant it.
2nd - Ethanol Prices reached a Historical RECORD Hi, a correction is Normal
remember - China and Exports,EPA Mandate Upgrade,Climate Change Escalation and Legislation,
Tanker Rail Car Shortage from Heavy Summer Driving,
Brazil will produce Very little to Export this Year (Drought)
These and More Reasons that Can JACK Up Margins Again
2006 and 2007 Margins Were Jacked , but Up and Down for 2 Years
Low Corn Price for the Next 8 Quarters
Or
USDA est. Sub $4 Corn for a Decade Estimate is an On Going thing.
Just My Opinion,Pixie isn't trading based on Current ethanol margins.
Take Margin Fluctuation into Perspective, Not the Whole Story
hit Refresh-and You will See Historical Margins Chart 2010-present http://t.co/8RyCHnyBlC
Ethanol Price and Corn Price Corrections are Normal
http://www.barchart.com/chart.php?sym=ZKJ14&style=technical&template=&p=DO&d=X&sd=03%2F01%2F2012&ed=04%2F01%2F2014&size=M&log=0&t=BAR&v=0&g=1&pct=1&evnt=1&late=1&o1=ZCH14&o2=&o3=&sh=100&indicators=&addindicator=&submitted=1&fpage=&txtDate=03%2F31%2F2014#jump … http://
This Is Obnoxious and Would keep us from Selling in China
http://www.professionalagmarketing.com/images/E0176001/EthanolMarginSheet.pdf
this stock is Not trading based on Corn and Ethanol price
- It's Trading based on EPS - Est. $2.20 - 2014 Est. $3.00+ - 2015 and that is a Low Ball Figure.
Profitable Companies get a Multiple and there is Multiple Expansion Happening Here.
1st - Corn price traditionally rises a little bit in the spring if it is Low to get Farmers to Plant it.
2nd - Ethanol Prices reached a Historical RECORD Hi, a correction is Normal
remember - China and Exports,EPA Mandate Upgrade,Climate Change Escalation and Legislation,
Tanker Rail Car Shortage from Heavy Summer Driving.
These and More Reasons that Can JACK Up Margins Again
Low Corn Price for the Next 8 Quarters or USDA est. Sub $4 Corn for a Decade Estimate is an On Going thing.
Just My Opinion,Pixie isn't trading based on Current ethanol margins.
100% before earnings to Capture Earn,for Q1 ?
$500M Plant-Value+$100M from warrants,offering,and earnings+$100M NOLs=$700M Asset Value. and $250M Market Cap
Trading at 1/3rd of Liquidation Value
Bottom Of Trading Channel = BUY BUY BUY http://t.co/iCxOOBWWXw
PEIX $20M Cash Raise+Warrant-Cash+Earnings=Keyes Plant
I Was Thinking the Same Thing
Really Should be a PR,Maybe in AM. we see one
thestreet:Why Pacific Ethanol (PEIX) Stock Is Up After Hours Today
http://www.thestreet.com/story/12597916/1/why-pacific-ethanol-peix-stock-is-up-after-hours-today.html …
AVENTINE RENEWABLE ENERGY HOLDINGS Sneed James R
Initial statement of beneficial ownership of securities
http://y.ahoo.it/HQvEZI4m
Pacific Ethanol just filed its Initial statement of beneficial ownership of securities
http://y.ahoo.it/HQvEZI4m $PEIX
New 52 Week Hi Top of Channel $20 is Coming
http://t.co/iCxOOBWWXw
I Asked CNBC to Verify @CNBCFastMoney $PEIX Buy Out Rumor ? http://t.co/jAgWaZmiMt
Investor's Business Daily Top Estimate Beaters
http://t.co/4NKHvaN9UL
PACIFIC ETHANOL Management Discussion/Analysis of Financial Condition
http://www.4-traders.com/PACIFIC-ETHANOL-INC-13255970/news/PACIFIC-ETHANOL--Managements-Discussion-and-Analysis-of-Financial-Condition-and-Results-of-Operati-18185783/ …
WoW , Look at that Gap Up to 60
Ethanol Vs Corn Price, AMAZING !
http://www.barchart.com/chart.php?sym=ZKJ14&style=technical&template=&p=DO&d=X&sd=03%2F01%2F2012&ed=03%2F31%2F2014&size=M&log=0&t=BAR&v=0&g=1&pct=1&evnt=1&late=1&o1=ZCH14&o2=&o3=&sh=100&indicators=&addindicator=&submitted=1&fpage=&txtDate=03%2F21%2F2014#jump …
PEIX Expected to Trade Up After Bullish Patterns Develops
https://www.wealthmakers.com/read?s=peix&t=patternscan …
never saw this before
Regaurdless-Buying-a-$250M Company With a("NOLs"),putting a Value On the NOLs
You Know that PEIX has a Usable $100 million NOLs ( VALUE )
My Question is,Does that $100M NOL's get Factored into the
Share Price,When the Company Next Door just Showed it as
a Value.
Yes , Real Estate Trusts Don't Like to Pay Taxes.
But ANY potential Suitor for Pixie won't Want to Pay Taxes
Chevron.GPRE,ADM....Included
Conflicting Reports
this being the most recent this morning
~ purchase the biofuel developer which involves cash and equity
http://t.co/QLgHqt3PRj
Greenlight Capital has proposed to purchase the biofuel developer through a $275 million transaction, which involves cash and equity. In a letter addressed to BioFuel's board
2nd most recent Source
http://t.co/yi3Gc29Hiy
Another Source, and BIOF's Website Source at the Bottom
Biofuel receives proposal about possible transaction from Greenlight, Brickman
March 28, 2014 5:32 PM
Biofuel announced that it has received a preliminary non-binding proposal from Greenlight Capital and James R. Brickman for a possible transaction pursuant to which one or more newly-formed, wholly owned subsidiaries of the company would acquire all of the equity interests of JBGL Capital, LP and JBGL Builder Finance, and their direct and indirect subsidiaries. JBGL is a series of real estate entities involved in the purchase and development of land for residential purposes, construction lending and home building operations. JBGL is currently owned and controlled by Greenlight and Brickman. In response to the proposal, the board will establish a special committee consisting of independent directors to evaluate the proposal and alternatives for the company. The special committee will be authorized to retain independent financial, legal and other advisors.
There can be no assurance that the proposal or any other transaction will be approved or completed. No further public disclosure regarding the proposal is expected to be made until the special committee has completed its deliberations and provided the board with its recommendation in respect of the proposal.
-------------------------------
www.bfenergy.com/news/PR_JBGL_Proposal.pdf
I Agree,That the One on the Company Website is Pruposing BIOF
acquire JBGL,but they Want BIOF to Pay for It with a NOLs
and That Is Value,that I Feel the market could extrapolate
to Pixies $100M NOLs.
Does it Happen,I Don't Know.
BIOF has No Plants,Creditor Forclosed and Sold them to GPRE
in lue of Debt
BioFuel Energy Statement On Announced Sale Of Plants
PR Newswire BioFuel Energy Corp.
November 25, 2013 7:30 PM
DENVER, Nov. 25, 2013 /PRNewswire/ -- BIOFUEL ENERGY CORP. (BIOF) today confirmed that is has been notified by the lenders under its existing senior secured credit facility that they have exercised their right under their Deed In Lieu of Foreclosure Agreement (the "Deed in Lieu") to acquire the Company's ethanol plants. It was also informed that an entity formed by the lenders for such purpose has completed the previously announced sale of those plants to Green Plains Renewable Energy, Inc. ("Green Plains"). The Company has not been provided with a copy of the lenders' definitive agreement with Green Plains. Under the terms of the Deed in Lieu, the lenders were to extinguish all of the amounts due under the credit facility, which as of September 30, 2013 totaled $177 million in principal and interest, and were to assume or satisfy substantially all of the remaining liabilities of the Company's subsidiaries that were parties to the credit agreement.
As of October 31, 2013 the Company had approximately $9.2 million of unrestricted cash on hand, and expects to receive sale proceeds and the return of certain deposits or other restricted cash of approximately $3 to $5 million. Upon receipt of such proceeds and recoveries, and payment of certain corporate severance and other obligations, the Company expects to retain approximately $10 to $11 million of unrestricted cash. It has not yet been determined whether, or how, this cash will be reinvested by the Company in another enterprise or returned to shareholders in a liquidation or other transaction. The Company also expects to maintain its federal net operating loss ("NOL") carryforwards of approximately $250 million, to the extent such NOL carryforwards are not extinguished as a result of the recognition of income resulting from the cancellation of indebtedness under the Deed in Lieu. The Company's ability to use its NOL carryforwards may be limited and will depend on, among other things, the amount of taxable income the Company generates in future periods.
BIOF ("NOLs")$178.2 million http://t.co/IEsaogr2IG
OTHER INVESTMENT POINTS
PEIX has approx. $100MM in usable NOLs, so investors get the benefit of a decent-sized tax shield.
buysidenotes.com/2014/01/13/pacific-ethanol-peix/
Green Light is Mainly Buying BIOF's-$178.2million in("NOLs")
and What for $275 Million ?
ADVFN_jk1550,Does that Give PEIX more Value for their Over
$100 Million in ("NOLs") ?
Will We See that Priced in,in the Near Future ?
This Is a Game Changer,Refineries-Are-On-The Coasts
Ethanol Companies Might have to Buy,Instead of Lease Rail Cars.
and Then they Need an Engine to Push It,+ Logistics Getting their
Trains Thrue with All the Log Jams of Oil Car trains.
Just My Opinion,but the Game Just Changed for the Better for Pixie.
Rule,is that your opinion too ?
Or You see it Different ?
Nope,David Einhorn is Buying BIOF for Stock and Equity
http://t.co/QLgHqt3PRj
David Einhorn (Trades, Portfolio)'s Greenlight Capital (GLRE) has recently released a preliminary proposal in which the business could acquire a small ethanol company called BioFuel Energy (BIOF).
Greenlight Capital has proposed to purchase the biofuel developer through a $275 million transaction, which involves cash and equity. In a letter addressed to BioFuel's board, David Einhorn (Trades, Portfolio) and Jim Brickman of JBGL Funds said, "We believe that this proposal provides an opportunity for the Company and its stockholders to acquire an interest in a business with long term equity potential and an attractive portfolio of assets"
Greenlight Capital has also revealed that it has increased its stake in BioFuel from 26.2% in December to 35.5%.
Train Tanker Railcar Logistical issues 2 years
http://t.co/YPzqTxZ6fh
Tank cars, those torpedo-shaped rail cars built to carry liquids, anything from milk to industrial chemicals, are increasingly being used to carry shale oil. “The traffic has grown significantly, from probably 50,000 carloads a year in 2010 to over 700,000 this year,” says Toby Kolstad, president of the consulting firm Rail Theory Forecasts. “It probably will rise above a million carloads a year in the next year or two.”
Train Tanker Logistical issues to go for 2 years
http://y.ahoo.it/7R42L8kx
Boomtowns on the prairie, young men heading west to find work as roustabouts—there’s an undeniable throwback quality to the American shale oil industry. The 21st century economy was supposed to be driven by Silicon Valley and Wall Street; instead it’s being pumped out of the ground in North Dakota and Texas. That’s creating growth in unlikely places.
Trains, for example. Much of the shale oil is coming from parts of the U.S. and Canada that don’t have the infrastructure to pipe it to refiners, so it’s going by rail. That’s good news for railroads, and it’s really good news for a sector of the American economy most people never think about: companies that make and lease tank cars.
Tank cars, those torpedo-shaped rail cars built to carry liquids, anything from milk to industrial chemicals, are increasingly being used to carry shale oil. “The traffic has grown significantly, from probably 50,000 carloads a year in 2010 to over 700,000 this year,” says Toby Kolstad, president of the consulting firm Rail Theory Forecasts. “It probably will rise above a million carloads a year in the next year or two.”
At the companies that make and lease rail cars, business is so good that they can’t make them fast enough. In the third quarter of this year, Trinity Industries (TRN), the nation’s biggest rail car manufacturer, reported record quarterly earnings per share, a 58 percent increase from a year earlier. It received orders for 5,610 cars in the quarter, bringing its backlog of orders for all rail cars to 40,050, a value of $5.1 billion. Its competitor, American Railcar Industries (ARII), also reported surging revenue and a growing backlog.
Savvy investors have gotten in on the bonanza. Carl Icahn owns a majority stake in American Railcar. Warren Buffett’s Berkshire Hathaway (BRK/A) owns Union Tank Car, just one piece of his big bet on rail, which also includes the Burlington Northern Santa Fe railroad.
The good fortune hasn’t spread throughout the entire rail car industry. Just as shale oil has expanded, the coal industry has struggled, battered by the low price of natural gas and tighter environmental regulation of new coal plants. Coal hoppers and coal gondolas are a huge part of the rail car industry, and as demand has slackened, manufacturers and leasers such as FreightCar America (RAIL) have had to retrench.
Is there a lurking threat that could stop the tanker car boom in its hot-rolled-steel tracks? Kolstad says the greatest concern for rail car makers is that oil companies will decide to build refineries closer to shale fields or run pipelines from them. But that would take years, and as the battle over the Keystone XL project has shown, building pipelines has become a fraught process in the U.S. At some point, of course, the oil under the ground will dwindle, and the gusher of orders for tank cars will run dry. Yet that, too, is a long way off. Given Buffett’s luck, by then someone will have discovered a lucrative new use for milk.
Train Tanker Logistical issues to go for 2 years
http://y.ahoo.it/7R42L8kx
Boomtowns on the prairie, young men heading west to find work as roustabouts—there’s an undeniable throwback quality to the American shale oil industry. The 21st century economy was supposed to be driven by Silicon Valley and Wall Street; instead it’s being pumped out of the ground in North Dakota and Texas. That’s creating growth in unlikely places.
Trains, for example. Much of the shale oil is coming from parts of the U.S. and Canada that don’t have the infrastructure to pipe it to refiners, so it’s going by rail. That’s good news for railroads, and it’s really good news for a sector of the American economy most people never think about: companies that make and lease tank cars.
Tank cars, those torpedo-shaped rail cars built to carry liquids, anything from milk to industrial chemicals, are increasingly being used to carry shale oil. “The traffic has grown significantly, from probably 50,000 carloads a year in 2010 to over 700,000 this year,” says Toby Kolstad, president of the consulting firm Rail Theory Forecasts. “It probably will rise above a million carloads a year in the next year or two.”
At the companies that make and lease rail cars, business is so good that they can’t make them fast enough. In the third quarter of this year, Trinity Industries (TRN), the nation’s biggest rail car manufacturer, reported record quarterly earnings per share, a 58 percent increase from a year earlier. It received orders for 5,610 cars in the quarter, bringing its backlog of orders for all rail cars to 40,050, a value of $5.1 billion. Its competitor, American Railcar Industries (ARII), also reported surging revenue and a growing backlog.
Savvy investors have gotten in on the bonanza. Carl Icahn owns a majority stake in American Railcar. Warren Buffett’s Berkshire Hathaway (BRK/A) owns Union Tank Car, just one piece of his big bet on rail, which also includes the Burlington Northern Santa Fe railroad.
The good fortune hasn’t spread throughout the entire rail car industry. Just as shale oil has expanded, the coal industry has struggled, battered by the low price of natural gas and tighter environmental regulation of new coal plants. Coal hoppers and coal gondolas are a huge part of the rail car industry, and as demand has slackened, manufacturers and leasers such as FreightCar America (RAIL) have had to retrench.
Is there a lurking threat that could stop the tanker car boom in its hot-rolled-steel tracks? Kolstad says the greatest concern for rail car makers is that oil companies will decide to build refineries closer to shale fields or run pipelines from them. But that would take years, and as the battle over the Keystone XL project has shown, building pipelines has become a fraught process in the U.S. At some point, of course, the oil under the ground will dwindle, and the gusher of orders for tank cars will run dry. Yet that, too, is a long way off. Given Buffett’s luck, by then someone will have discovered a lucrative new use for milk.
thestreet.com's Article,Made it Seem BIOF was being Bought
NEW YORK (TheStreet) -- BioFuel Energy (BIOF_) is soaring in extended trading Friday after it received a preliminary non-binding proposal to be acquired by Greenlight Capital.
It's Different then I though BIOF Up 25% A/H
The Proposal by Green Light Capital is for BIOF to Buy Out JBGL,not to get Bought Out.
BioFuel Energy Corp. (BIOF) -NasdaqCM
3.14 Up 0.18(6.08%) Mar 28, 3:59PM EDT
After Hours : 4.31 Up 1.17 (37.26%) Mar 28, 7:59PM EDT
BioFuel Energy Receives Proposal For A Possible Transaction
DENVER, March 28, 2014 /PRNewswire/ -- BIOFUEL ENERGY CORP. (BIOF) (the "Company") announced today that it has received a preliminary non-binding proposal (the "Proposal") from Greenlight Capital, Inc. (together with its affiliates, "Greenlight") and James R. Brickman ("Brickman" and, together with certain trusts and family members of Brickman, the "Brickman Parties") for a possible transaction pursuant to which one or more newly-formed, wholly owned subsidiaries of the Company would acquire all of the equity interests of JBGL Capital, LP and JBGL Builder Finance, LLC, and their direct and indirect subsidiaries (collectively, "JBGL"). JBGL is a series of real estate entities involved in the purchase and development of land for residential purposes, construction lending and home building operations. JBGL is currently owned and controlled by Greenlight and Brickman.
In response to the Proposal, the board of directors of the Company (the "Board") will establish a special committee consisting of independent directors to evaluate the Proposal and alternatives for the Company. The special committee will be authorized to retain independent financial, legal and other advisors.
There can be no assurance that the Proposal or any other transaction will be approved or completed. No further public disclosure regarding the Proposal is expected to be made until the special committee has completed its deliberations and provided the Board with its recommendation in respect of the Proposal.
$BIOF-$275 million proposal to be acquired by Greenlight Capital
http://www.thestreet.com/story/12559706/1/why-biofuel-energy-biof-is-exploding-after-hours.html?puc=yahoo&cm_ven=YAHOO …
BIOF's Assets Got Sold to GPRE, What Is Green Light Capital Buying
for $275M
PEIX's Market Cap is $250M and They Own 4 Plants
I Don't See It,But PEIX's Valuation Is Off Now.
$BIOF $275 million proposal to be acquired by Greenlight Capital, $PEIX
http://www.thestreet.com/story/12559706/1/why-biofuel-energy-biof-is-exploding-after-hours.html?puc=yahoo&cm_ven=YAHOO …
$PEIX Ethanol Rises, Highest Price Since July 2006 Bloomberg - 3 hours ago http://t.co/je1OUVY7vt
Ethanol Rises, Highest Price Since July 2006 Bloomberg - 3 hours ago http://t.co/je1OUVY7vt
They Can Buy RIN's ?
but it's a Government Mandate,I guess they could not pay.
Isn't that Like people deciding not to Pay Taxes