Also, i would have thought their ethanol selling prices would have come up a bit.
And i'm also curious why REX wasn't buying more of their own shares when the s/price dipped badly on oilprice weakness in Q1. They could have easily bought another 300k-400k. Are they expecting s/prices much lower?
I'll likely wait until tonight to read the transcript of the CC, won't have time to listen to the call. If CEO Rose is too conservative about guidance, i think REX may drop back into $50s, especially if oilprice pulls back to mid-$50s.
A big question i have, likely to get asked by analysts if it's not in the prepared remarks, is What is REX going to do with that $44M (likely $49M) from the buyout of their 27% interest in Patriot plant?
Uggghh, the Saudi price-war over oil really wrought its damage throughout the energy sector.
Sad to see that REX's gorgeously high trailing 12-month (ttm) EPS has now fallen with the drop-off of last year's wonderful 2.55 EPS posted for Q1 and the substitution of this measly EPS of 0.50, which, incidentally, is obviously still WAY BETTER than GPRE's or PEIX's.
Now REX trades around a P/E of 8 instead of around just 6.
Recent REX News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/30/2024 04:44:46 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/27/2024 02:27:48 PM
- REX American Resources Reports Fiscal 2024 Second Quarter Net Income Per Share Attributable to REX Common Shareholders of $0.70 vs. $0.52 Per Share in Fiscal Second Quarter 2023 • Business Wire • 08/27/2024 11:30:00 AM
- U.S. Index Futures Edge Higher, Oil Prices Dip • IH Market News • 08/27/2024 09:37:02 AM
- REX American Resources Corporation to Participate in Upcoming Investor Events • Business Wire • 08/20/2024 11:30:00 AM
- REX American Resources to Report Fiscal Q2 2024 Results and Host a Conference Call and Webcast on August 27, 2024 • Business Wire • 08/13/2024 11:30:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 09:27:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 06:20:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 06:17:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 06:14:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 06:08:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 05:56:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 05:48:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 05:44:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 05:39:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 05:37:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 05:26:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/14/2024 02:57:59 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/30/2024 08:14:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/29/2024 06:00:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/22/2024 01:27:51 PM
- REX American Resources Reports Fiscal 2024 First Quarter Net Income Per Share Attributable to REX Common Shareholders of $0.58 • Business Wire • 05/22/2024 10:00:00 AM
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