Value- PEIX, went to the 10Q
Mar qtr, and couldn't find the figures you cited. I did however see the breakdown of capacity at each plant. That is, with Madera, they will have 25% more capacity. Also, I don't know if I agree that REX is worth all that much more on a valuation basis than PEIX, but I do agree it's worth more. Bottom line though, just as in the prop/casualty companys in Florida for the last year, all companies in the ethanol sector will go up. Hard to say if REX goes up a much larger % than REX or not. After all REX is at an all time high, and PEIX is down 30% from it's high.
All in all, it probably doesn't matter much which ethanol company you chose right now, as the sector is in a cyclical uptrend which looks to be continuing. I may split my investment between REX and PEIX next week just to be on the safe side though.