PEIX: Could also go down due to Q&A on the call.
On the bright side, there is Madera. On the dark side, there is the warrant situation, fluctuations in ethanol, corn, train shipments, natural gas prices. They need to clear up uncertainty if they are going to regain some bruised loyalty. For instance, will they state how their accounting method will allow in-the-money warrants to negatively impact the current qtr's earnings per share, if the stock price were to remain the same? My point is nobody really knows the amount of leverage involved with the warrants. It was certainly a surprise to see them actually declare an overall loss/share yesterday due to the increased value of the warrants.
As to costs, do they still have that sweet deal on cut-rate government sugar for some of their ethanol production, or has that all been processed, and they are back to just using corn like everybody else?
Oh, nevermind, I need to obsess over something else.
Focus Focus Focus Focus !!!!
