>Safer large caps is where the market seems to be headed
True for most investors, but hedge funds and others will always be looking for juicier gains on promising stocks.
REX is very rapidly moving into the position of being a very "safe" play. Assuming normalcy on corn prices, continuing ethanol demand (regardless of EPA ruling on RFS this June, which for various reasons will hardly dent ethanol demand), in 8 months, i.e., Jan 31, 2015, at present rates of incoming cash and debt-paydown, REX will have around $170M in cash and about $32M in debt; within another year (20 months from now), they'll have $235M in cash and zero debt. I daresay they'll probably also have a marketcap of around $1.5Bn to 2.0Bn by then (compared to present $474M mktcap).
A very safe play once we get further down the road.
Also, within 15-18 months I would think we'll know something definite about results from testing that "Future Energy" segment for REX on sub-2000' heavy-oil steaming (look up the Kent Hytken Future Energy patent site at Google), whether it's viable or not. If it is, add at least another $1Bn to marketcap.