Wednesday, March 23, 2016 1:33:14 PM
Annualizing for 2016 the earnings from Q4, on the basis of the lower new share-count, would make for EPS in the 2.20s for 2016 according to my quick math calculation. How can that support a shareprice in the $50s?
People here will know i love the company, but the fundamentals on supply/demand for oilprices and, by extension, gasoline prices, and therefore ethanol prices, mean that all will likely stay low for most of 2016.
At some point, likely in late 2016 or more likely during 2017 oilprices will rebound as supply & demand balance out, and we should see gasoline and ethanol prices rise again. But that point is a long way off, it seems.
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
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