Naz News, Gappers and FLE's

[westpacific]

BIOF, cap of 65M

Stock price of $4

Debt 130M
Cash 55M or 3.63 per share
Total Debt of 75M

Value of plants is 325M minus debt, value of 250M of INVESTED CAPITAL on a 65M cap!

11.68M float/15.33M shares - fairly thin.

Big investor is hedgefund guru David Einhorn (whom was buying at 10 and higher.....)!

Company bought back over 1M shares last year in the mid 5s!

Partner is Cargill, who is Cargill? Net earnings in 1Q of 1.03B, private company, Cargill is an international provider of food, agricultural and risk management products and services. With 158,000 employees in 66 countries, the company is committed to using its knowledge and experience to collaborate with customers to help them succeed.

Cargill Biofuels is providing the corn and the marketing of the product, nice partner.....

http://www.cargill.com/


Two plants go online in 2Q 2008 will produce ethanol and also produce feed for animals.

Amazing how every ethanol play is being tossed on the waste can, what is the saying, buy when nobody wants them!

Which is what I am now doing. Give me more in the 3s!!!!! Based on cap to plant equity, this is a $10 plus dollar stock being trashed based on BIG OIL bad press of ethanol, which will continue to be a very good business for years ahead.

West