Alto Ingredients Inc (ALTO): I'm certainly waiting on Q1 earnings. I...

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Re: pavement13 post# 28527

Wednesday, 05/06/2015 4:26:46 PM

Wednesday, May 06, 2015 4:26:46 PM

I'm certainly waiting on Q1 earnings. I will be a buyer on any substantial pullback. I suspect they won't exactly have a positive impact on the share price. Q2 numbers are certainly not up to the Q4 numbers at this point, but a definite improvement over Q1 so far. If anything, it also looks like Q2 is shaping up to be a good quarter for Kinergy (in line with Q4, and definitely better than Q1 to date). The USDA numbers for Nebraska and Illinois are an improvement over Q1 to date as well.

Using the California cash corn price, I had the following number for PEIX for last week. Following that are the USDA numbers for Nebraska and Illinois:

PEIX $0.609
Nebraska $0.754
Illinois $0.90

Keep in mind as well that the USDA plant numbers don't include anything fr corn oil. You can probably add an additional $0.10 - $0.11 for corn oil production. There is an allowance in the PEIX formula for corn oil as wells as WDGS.