Alto Ingredients Inc (ALTO)

[Rule_62]

Margins update as of Friday May 15 (week 20). For those not familiar with this margin, it only predicts the sale price of ethanol and co-products, less the cost of corn. It is NOT a net profit margin. I began keeping tabs on PEIX due to the fact that the mainstream margins provided by various sources are not specific to PEIX production. They may or may not include various co-product revenues, and usually reflect margins based on an individual mid-western state or national average.

For the PEIX alternative margin calcs, I am adjusting the corn oil production percentage on a weekly basis going forward. This is to reflect the addition of Madera corn oil production, which went into effect in Week 20. Again, please remember that the alternative calc is an attempt to adjust for co-product sales, based on the current lower cost of corn.

I will be very curious to see how the alternative calc comes out for Q2 vs. the PEIX standard formula. Of course, come Q3 it'll be right back to square one, with the addition of the Aventine production.

Link to PDF file

I trust this new file sharing site works well for everyone :)