Alto Ingredients Inc (ALTO)

[pavement13]

My thoughts are as follows:

1. Clearly the estimated demand was incorrectly calculated being as that we have already exceeded that level in mid-November and stockpiles decreased while production was up. They obviously did not account for increased exports due to the Brazil drought, etc.
2. How did they not realize we would reach this threshold prior to today's report? It was easy to calculate. Did they think producers would stop production when this arbitrary number was reached?
3. I remember when Keith published an article in February saying he sold around $7. He's a good analyst, but his word is not gold.

The fact of the matter is ethanol stockpiles are decreasing. Today's response was irrational and will correct itself soon.