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I feel it is a toss this stock just seems like it will not get up and their will be a reverse split. Do you see any positive on the price going up at all. I am disappointed but at the right moment will sell. Buy back then sell again.
If it was not being manipulated it would be higher that is the problem. One stock I know had a -.26 share loss and is now high. I am sorry but its up to the manipulators who were here before the most recent deal. That is my opinion.
I respect your posts but the price did go up again to .34 clearly this is a very manipulated stock. IMO could go way down or way way up.
The company is solvent and in a great market right now. I do believe the price is manipulated however it still is a good stock and clearly worth a heck of a lot more. Notice the price went over .33 after being down to .30. Today the market is bad period. However I do believe it could go up anytime. Thanks for the info. How do you think it will do next week. Maybe 39-40.
Great news now all we need is Madera. Notice more cash great ownership. Thanks for post.
Once last question, can you give me a site were it says the PPS will be -.06. Earnings whispering went down to -.02 which means they did not beat. Please show me a site re street. Thanks for your incite and response. You have provided very good information.
All right with all this knowledge then do you think next week we could hit .45 cents. The proof is in the PPS. However I am happy they are installing equipment in 2 plants. Stockton and does any one know the other. What is your prediction to price.
Great idea but how do you get over the reverse split. The corn prices are not going down. Even with sorghum they could not turn a profit. Once again you are banking on a commodity with out owning contracts. The only hope is a daytrader surge.
How is this a positive sign? They did not beat expectation and still the equipment is not installed. I also now believe unless they have a good balance sheet for 1st quarter there will be a reverse split. Your comments will be appreciated.
I misspoke myself. We do owe 80 percent interest in the plants, whereas Biof may be selling theirs. We are a in a good position provided Monday has good results. Valero is not opening for nothing and Biof and others may not be able to compete because we will get a higher price in California. Vick1 would like to hear your comments on what I said.
Yes and more then that look at Biof. Right now if we get a good earnings and guidance, and can open madera, we are in the running. Ethanol is hot right now and we can take advantage of the ethanol run which of course will not last. If Neil is so bad why do we not control 80 percent of the plants? Why are we updating stockton and entering into contracts like Sorghum? Why have we attracted solid investors? Please everyone in a sense is out for themselves but we are moving forward not backward. However, we all are holding are breath for Monday.
At the present rate it could be .30 and even cross the .30 to .29. Without news no real reason to invest. However, as a day-trader there are rewards even at a lower price. Problem is the uncertainty of what the report, ie earnings will say. I believe overall it will be good. It is very hard with the small stocks to maintain being objective. There are many good things Peix has done, aside from the fact ethanol is a hot issue and money maker. So yes I agree the price could go to .30. But I still believe this is a company making very good moves.
Remember NBS. A good move for those who want to buy low. As I said news is what counts. I was a little shocked Biof had trouble making payments. So I am not shocked this is low. Plus the entire market is being hit. Everyone hang in there.
How do you explain today? Is this like NBS which was in the 60s and then went to .50 cents. Now at .66 after earnings which were poor.
I agree lets face the facts Peix and its troubled history are going to influence traders not investors. A quick hit and gone so it makes sense as I told my friend that are waiting for news. I do feel since we will do better this 4th quarter then 3rd and great guidance I believe we have a real shot at it going up. I just wish we would hear some news any news prior to earnings.Thanks for your post.
Dutch you are right serious money can be made. And to be quite frank the consensus is with ethanol. No matter what you think of Peix they are in the right arena ethanol. Do you feel today and yesterdays price offer any insight into what happens per earnings announcement?
Based on the price today at this point going down, does this make you feel when the results are out a good or bad omen for investors.
Thanks for your imput I feel they are not different then any other company Exxon, AIG whose board members get big bonuses. Their problem PEIX has been more substantial because of the price of corn. It is not a matter of bad decisions, worse, it was an inevitable consequence of the base product being to high. They are on the right track and should not do a reverse split. IMO. Thanks for your post.
PS If the do not beat expectations but do better then last quarter and have a very good guidance can the stock go up in your opinion.
We as of today are in the .36 to .39 range.
Traders may be waiting for the earnings. Because of the R/S announcement they may be taking a wait and see approach. What do you think?
I understand. Even if this went to .55 cents I would be singing out loud.
Once again this stock goes to 70's up to steak and shrimp for the cat deluxe dinner and fine wine for you.
Once again what is your prediction of stock going up.
GoGreen how high do you think it will go? Anywhere near .45 to .50
Is it your opinion we will see not upswing at all. Just .36 to .39?
I agree by when do you expect to see an upturn in price. I am aware very hard to predict but seems no upside.
The carrot that is dangling is the hotness of ethanol and it does seem every time this stock is ready to break loose it goes down. But when you look at the volume and the product we should have a winner here. Today we are going up a little. Like I said .40 and I am a happy camper. Thanks for your posts.
Once again no one wants you to be right more then me. I am just commenting as to the why it is not going anywhere when it should. Let's see what happens today. If we get near .40 could be a great week.
No there is still the earnings and that week. You mean you are not disappointed a little in performance. Reason some stocks are truly speculative but there is a basis for this companies continued success.
That's a good question. Problem is this stock should be up and I cannot understand why it is not. The company has made very good decisions. I feel they will have a great 1st quarter and open madera in my opinion. Why what do you think in terms of this stock rising at this point in time. I do believe the shorts have hurt it and news will be the only way out.
If it does make a .02 then the stock will go higher. I just feel with the way corn killed the market it may not. Hope I am wrong. Is up a little this morning.
When you say positive earnings you mean a lost for fourth quarter but better then third right?
Kel Beets into Ethanol
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Calif. farmers team up to convert beets to ethanol
By GOSIA WOZNIACKA | Associated Press – Sat, Mar 23, 2013
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Associated Press/Gosia Wozniacka - In this March 6, 2013 photo, a mature sugar beet is shown, in Tranquility, Calif. Farmers in central California hope to build the nation's first commercial-scale bio-refinery …more
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FIVE POINTS, Calif. (AP) — Amid the vast almond orchards and grape fields that surround Five Points in California's Central Valley, a once-dominant crop that has nearly disappeared from the state's farms is making a comeback: sugar beets.
But these beets won't be processed into sugar. A dozen farmers, supported by university experts and a $5 million state grant, are set to start construction of a Fresno County demonstration plant that will convert the beets into ethanol.
If the demo project in Five Points succeeds, the farmers will build the nation's first commercial-scale bio-refinery in nearby Mendota to turn beets into biofuel. Europe already has more than a dozen such plants, but most ethanol in the U.S. is made from corn.
California energy officials say the beet plant is an example of expanding state investment in biofuel production and an innovative way to achieve the state's goal of increasing alternative fuel use over the next decade.
"We're trying to reduce greenhouse gas emissions and to shift our transportation fuels to a lower carbon content," said Robert Weisenmiller, chair of the California Energy Commission, which awarded the grant. "The beets have the potential to provide that."
The farmers say so-called energy beets can deliver ethanol yields more than twice those of corn per acre. That's because beets have a higher sugar content per ton than corn. And, the farmers say, the bio-refinery would bring jobs and investment to an area that's dealing with water pumping restrictions and overly salty soils.
"This project is about rural development. It's about bringing a better tax base to this area and bringing jobs for the people," said John Diener, a grower who farms about 5,000 acres of diverse crops in Five Points and whose ranch will house the demonstration plant.
Driven by a federal mandate to reduce dependence on foreign oil, America's ethanol industry has boomed over the past decade. Plants in 28 states now produce more than 13 billion gallons of ethanol each year, according to Geoff Cooper, vice president for research and analysis for the Renewable Fuels Association. Today, nearly all the gasoline sold in the U.S. contains the biofuel, generally at the 10 percent level.
About 95 percent of U.S. ethanol is made from corn, Cooper said. But that percentage could soon change because the Renewable Fuel Standard, established by Congress in 2005 and later expanded, caps the amount of ethanol produced from corn at 15 billion gallons.
Dozens of non-corn ethanol plants are now being developed and constructed throughout the country, experts say. Other California projects involve producing biofuels from food processing wastes, remains from field crops and manure from the dairy and poultry industries. Across the U.S., plants are looking at converting wheat straw, municipal waste and wood pulp into biofuel.
In central California, the bio-refinery would resurrect a crop that has nearly vanished. The birthplace of the sugar beet industry, California once grew over 330,000 acres of the gnarly root vegetable, with 11 sugar mills processing the beets. But as sugar prices collapsed, the mills shut down. Only one remains in the Imperial Valley.
When the last local mill in Mendota closed in 2008, farmers formed a cooperative and tried — unsuccessfully — to buy it back.
"We were left with a choice: Are we going to build our own sugar mill, which is expensive, or come up with something else?" said William Pucheu, a farmer from Tranquility who is part of the cooperative.
The farmers flew twice to Europe to tour beet-based biofuel facilities. This month, Mendota Bioenergy LLC — the company formed by the cooperative — received a grant to build the demo plant, which will turn about 250 acres of beets into 285,000 gallons of ethanol per year.
If it's successful, a commercial bio-refinery would be built in Mendota, capable of producing 40 million gallons of ethanol annually. The bio-refinery, to debut in 2016, would put a total of about 80 beet growers and 35,000 acres back into production.
Both the demo plant and the commercial plant would run year-round and use beets grown by local farmers. The plants will also burn almond prunings and other wood waste to generate electricity for internal use and will convert some of those prunings into ethanol. They will process waste pulp from the beets to produce biomethane for compressed natural gas, and will produce fertilizer and recycle water for irrigation.
To area farmers, the beets are an ideal crop: they grow in poor and salty soils, and can use lesser-quality water, said Frank DelTesta, a third generation farmer who used to grow 150 acres of beets in Tranquility and is now growing some for the demo plant.
"Everybody liked growing beets, because they grew well here," DelTesta said. "My family has been growing beets for generations and not having that crop in our rotation has affected the yields for other crops like cotton."
And it's not just farmers who would benefit, said project manager Jim Tischer. The group's projections show the bio-refinery would create about 100 long-term jobs, as well as 150 seasonal agricultural jobs. It would lead to millions of dollars of local economic activity and generate taxes — a boon to Mendota, Tischer said, a town of 11,000 with one of the highest unemployment rates in the state.
The beet project comes at a time when the Midwest drought has reduced corn's availability, leading nearly three dozen corn ethanol plants to halt production. At the same time, there are plenty of stockpiles of ethanol, experts say, because Americans are driving less and buying more fuel-efficient cars.
But the beet farmers say they aren't worried, because ethanol is cheaper than regular gasoline.
"As times goes by, customers will start buying more of it," Diener said, "because at the end of the day, it's a cost saving deal and others are motivated by the ethics of the green energy business."
So and then again being a doctor gives you the ability to analyze with intelligence and calm. Thanks for your analysis I believe you are correct.
Way to go Kel.
Agree. And very well said. One question Vicki are you a business major or MBA. Your analysis is excellent.
If they beat expectations even with a loss if the Guidance is good it should go up even if only 44-48. Clearly there have been good business decisions made. Remember chapter 11 and corn prices. Thanks for your response. Also the market is closed Good Friday. Lets see what this week brings and next. Even with the R/S it should go higher if the company is solvent.
Jigsup see this website:
http://openinsider.com/search?q=peix
Thanks for your posts.
Your right. I gambler friend of mine has predicted about this tug of war that has gone. But Ethanol, 4th quarter better then third, and great guidance the stock will go up. However I will then sell. Thanks for the post.
Grant was on insider website as opposed to a purchase.