The New Board=Free Pancake Breakfast

[shmolton]

Hey there Maningreen0

I'm glad that worked out for you. I sold a bit of PEIX this morn at 1.14, but am holding a core position for longer, fundamentals look great there right now, and even though the stock may be temporarily overbought, I believe it is worth much more than where it's at now. The company could do around 1.25 billion in profitable sales this year, and I think it would be fully valued at a .5 price to sales ratio. With 78 million shares o/s that would put the share price around $8. I wouldn't be surprised if it hit that by next fall, although I'd probably be impatient and sell if it got near 3 :)

The insider buying has been very encouraging to me. Great environment for ethanol right now.