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Re: lentinman post# 302

Saturday, 10/11/2008 6:49:05 AM

Saturday, October 11, 2008 6:49:05 AM

Post# of 771
My unique pick reported earnings, and they are soft:

GPRE reported a loss of .11 per share (still at profit of $1.81 for 9-month period), which surprised me. If you look at yoy results- still looks pretty impressive. The loss was due to derivatives and hedging, but not as bad a loss as other ethanol companies. Somthing to watch going into next quarter- 54% of corn is hedge over $5, while only 15% of ethanol and distillers are locked in at similar prices. With the recent decline in corn and ethanol pricing- could see some issues down the road if that doesn't stop.

(full report):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32800671


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