ORIONS Money Stocks

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Pacific Ethanol Inc. (PEIX): PEIX is among the largest producers of ethanol in North America. It is engaged in the production, transportation, storage and sale of ethanol and wet distillers' grain in the western U.S. PEIX is noticeably absent from the holdings of most of the 30+ mega funds that we track, most likely because of the low sub-$1 price it has traded at until recently, and probably not a reflection on the perceived value in PEIX. Goldman and Vanguard are the only ones with a position in the company, at $0.4 and $0.2 million respectively. Overall, 33 institutions hold 2.3% of PEIX shares, with Hudson Bay Capital Management ($0.8 million) being the top holder with 0.8% of the outstanding shares.