Aventine Renewable Energy Holdings (fka AVRW)

[DrKellegro]

Dr. Kellegro initiates coverage of AVRNQ with a B/10+ rating

Posted 1/4/10

http://drkellegro.com/?p=55

Briefly…a long position was taken in AVRNQ. This is a bankrupt company that has experienced a severe dislocation between the reality of the companies situation and the stock price since filing for bankruptcy during the first half of 2009. There is a significant amount of shareholder activism taking place and rightfully so. Given the current fundamental state of the company, I believe that shareholders will succeed in their request to preserve the value of the stock in the company.

- Dr. Kellegro