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The short of it do you think Peix will rise today? What can be added is now we have 83 percent of the plants ownership and a better balance sheet that makes investment risk worth while. Plus better margins. Still prospect of R/S looks bad. Do you feel at least for today the stock will rise?
No comparison:
Increased EPS to $0.12 from a loss of $1.10 in the third quarter of 2010
The increase in gross profit was attributable to an improved commodity margin
Further it is my understanding their was 16 million cash. Clearly there is no comparison.
However because of the increased mandate, the purchase of sorghum and the estimated increase in revenue for the first quarter company is now in a great position to go forward. Aside from getting back 83 percent ownership. The fact they can delay debt is a plus and will be getting 2 million in cash bringing cash on hand of 8 million. Therefore we should see a bounce. How much I do not know.
When the stock went up in October 2011 was their a profit for the quarter as opposed to the .04 loss we incurred?
Sashex drum roll please when the announcement comes out please officaly announce it on the board. Your trusted servant Logic
I will try in between other projects why don't you ask questions you have a grasp of business and Peix?
Now that we have the funding which is great will we have a postive 1st quarter in short at least 1 cent up. To me toss up. Why who would lend 14mil and receive stock on company that is going down. Plus corn took a hit today. Thanks sashex
Well sashex give me a guess if we beat .01. Its a toss up because who is going to 14 mil with a bad result. Let me know.
Not good at all.
What do you see happening after the close of market today, profits or loss?
Very appreciated so many stocks go up and then two days later then are below the point where they went up. I do believe we will get a little bump. Then I will sell.
Nice thought but feel price is determined by the manipulators and that is it. Thanks for your response. So far the prognosis is looking not good.
My opinion everthing hinges on what the earnings our. I feel if they are good which I doubt and we hear about Madera then yes should go up. If earnings not that great but Madera or other news should ge a little bounce only. Thanks go green I appreciate your honesty.
Go Green what is your thoughts on what the news after 4 will bring my thoughs are if the news was so great why not announce it before market open. -2 to -3 loss for 1st quarter.
I enjoy your post but do you believe this stock will take off and further the 1s quarter will be a winner?
I have seen that the estimate for 1st quarter is .01 loss, what do you think?
I see where the earnings estimate is -.01 for the first quarter what do you think? I know it is only a guess. It would not shock me if it was down.
Rikelme take me to your leader.
Except for monday give good earnings unless you are talking about 1st quarter. But clearly path Peix should strive for. Thanks for your analysis, which should be company policy.
Wouldn't a good balance sheet allow them to stay on regardless of 1 dollar?
Clearly I am representing myself as a "Shareholder." However to give yourself shares that are granted and to diminish the other shares is cause for reflection and action. So when I write the letter I will publish to let others no what I am doing. I am not giving legal advice or representing others however I will publish and hope any facts that can be added I will consider presenting. Imput would be appreciated.
One more thing the resolution does say in the board's discretion if necessary. While I am no longer practicing law in California I am a member of the bar in Washington D.C. The board of directors can not self deal nor can they commit other acts that abuses discretion. There I will be writing a letter to the board letting them know they should act in Good faith in all determinations and not act in derogation of the rights of shareholders. I will post the letter when written on this site.
It is not about the shareholders but also the company. Unless you are building it up to sell. Lets hope they do not need the R/S.
In final analysis we will have to wait to see what "News" bring. Let us remember that the drought clearly hurt this industry. Even Valero had to close until recently 4 plants. I believe 36 plants out of 211 were closed. Peix has made great strides in acquiring a percentage of their plants back. They have continued in a very bad market were no one knows what the price of the product, corn , will be. Yet riddled with uncertainty they continue on. I do believe we will hear some news on the first quarter. Also we will hear news via the conference and questions on Madera. I do believe the stock if this news comes out will go up. How much I do not know. Also news re the approval of the funding they are trying to get ie final approval. If we can avoid the reverse split then I believe the sky is the limit. If not then profit will have to be strong. Hopefully I will be out by then. As for now all have a great day.
The only think I can say this stock is it impossible to determine what news next. I was surprised at the early version of the Quarterly. The only hope is madera, and news on first quarter. This stock is to hard to judge because of its reliance on a commodity corn. Lets see what shocker we hear monday. However, tuesday will go up assuming news is not bad. On issue of reverse split Citigroup has made at least 4 dollars a share. R/S for Citi did work.
2 million more shares is not that great. Must pay for upgrades. I will sell when it goes up if ever. R/S are bad. Like it or not the 4 quarter was not profitable and now I am wondering about the first. With the debt owed and upgrades profit is iffy. I just do not think this will be driven up to 1 dollar, nor can R/S be avoided. Your assuming too much.
Say if we did get good news Tuesday do you think it could go to .45 or .50
Excellent analysis and I agree if stock goes up I will sell and buy back. I cannot wait to Tuesday if nothing else lets hear about 1 st quarter profits and if asked the question Madera. Thanks for your excellent analysis.
Kel if they make a profit based on the balance sheet for 1 st quarter, the fact they will have 2 mil in cash and they can delay their debt will that help with staying on Nasdaq?
I am hoping we will hear about opening madera and first quarter profits. How do you think we will do monday up or down. I know we are only guessing but would like to hear what you think.
Kel do you think we are getting to a position where the gold cross will form? And then a bull period will take place?
Lets see what they say about Madera.
Good work
Since I do not follow charting does this mean a rally for peix?
For one it may mean easier to get loans. Unless you think the company may be ripe for sale. Which means the buyer would stand in the shoes of the seller Peix and have the chance to get the other 17 percent. This would be the time to sell.
And to pay part of it, to keep 2 million in cash, seems like the way to go since the now price of ethanol is going up and sorghum is a good price. If they merely pay up bill what do they do for current expenses. Correct me if I am wrong. In short delay payment entirely and give the company cash. They are buying time which is a good idea.
This should go up next week. Clearly they are dividing the reporting in two phases 1 March 28,2013 earnings and 2. April 2, 2013 questions and Guidance. Guidance which they will be excellent. Please someone ask about Madera,and what other plant beside Stockton will have new equipment installed.
Finally for today what are your feelings for next week and particularly after the conference call Up or down?
Yes but when after the longs are hurt. I do not think we did that bad today in terms of earnings. I understand corn has crashed. Good news but what difference if stock is controlled. None of the predictions anyone has made except bashers has come true. So other then hope what makes you believe it will go up. I do believe the R/S stated before earnings hurt. R/S always looks bad. What are your thoughts and why.
If this went up to .45 I would be happy if it went to .50 I be ecstatic. My issue is why has this not gone up conclusion shorts and day traders. I feel you will make money but .50 when. It is up to the manipulators for sure. Good luck.
I now believe this is short and day trader heaven. That is the bottom line. Since they did not turn a profit and because they are still trying to get funding it does appear that is the way to go. It trades with in a range and that makes it a gold mine for day traders and shorts. Let's face the price of corn killed it. Even though corn may go down the damage is done to this stock. I will now daytrade it and then get out.