Alto Ingredients Inc (ALTO)

[wadegarret]

R59- thanks for calling the CFO

That info does help. I also look forward to Rule 62 talking with the CFO once the 10Q comes out. The more we know, the better position we'll be in to estimate what the Sept qtr might look like.

By the way, I do remember from the CC yesterday, that the CFO mentioned the tax rate going forward would be 30%-40%. Lets assume 35% vs the 30% in the June qtr. That would mean around 7% less in after tax EPS. However I believe the much greater margins(assuming corn prices don't spike) in the Sept qtr would more than make up for that. Therefore I believe that the $.77 adjusted in the June qtr can be annualized at the least, and even if PEIX remains a low PE stock, $25-$30 seems likely at some point in the next couple months.