Replies to post #25940 on Alto Ingredients Inc (ALTO)

[value1008]

IDSuper, you can make that (4,257) on the FVA line a positive gain (noncash) since PEIX finished below the $15.58 for the qtr, as per Rule's calcs.

Then subtract some more for tax provisions on the higher income and see what slightly higher EPS figure you get for Q2.

Rather than take the time to look back at each of PEIX's filings, for quick purposes I just grabbed these trailing EPS figures from Nasdaq.com... not sure how accurate those are, but at least for one qtr (Q1) they're using the GAAP figures; I presume the others are GAAP numbers, too.

Q2 0.09
Q3 (-0.43)
Q4 0.74 (is that correct? non-GAAP for Q4 was 0.55 EPS)
Q1 (-0.69)

If the Q2 2014 GAAP EPS is around 1.35 (ballpark figure), then the new twelve-month trailing (ttm) GAAP EPS would be 0.97. That won't dazzle anyone, but at least it will be a positive figure showing up at Nasdaq.com, Finance Yahoo, NY Times, etc., whereas presently Yahoo, for instance, only shows a big -0.54 LOSS :-( on trailing GAAP EPS.

And on that basis it will be easier for newbies to PEIX to surmise that another EPS positive quarter (Q3) would make PEIX undervalued at a shareprice only in the mid-teens, while the trailing 12-month EPS would show around 2.00 after Q3 earnings news.

[ADVFN_jk1550]

Thanks ID for the heads up

[ID Supermoney]

With new-FVA-as-per-Rule_62 My PREDICTION-FOR-Q2 Net INCOME-PER-SHARE IS $1.74!!!! as of July 2, 2014!!


......................................................................................................... Three Months Ended.......Three Months Ended........Three Months Ended
......................................................................................................... December 31,2013..........March 31, 2014...........June 30, 2014(estimate)
Net sales.................................................................................................... $ 215,290...............$254,543....................$284,000
Cost of goods sold.......................................................................................... 193,694............... 215,998......................242,000
Gross profit (loss)............................................................................................. 21,596..................38,545........................42,000(4 plants working)
Selling, general and administrative expenses........................................................ 4,372................... 3,670..........................4,200
Income (loss) from operations............................................................................ 17,224..................34,875........................37,800
Fair value adjustments and warrant inducements.................................................. (2,520)............... (35,844).......................4,257 (5.5M down to 4.0M gives adjustment now as per Rule_62)
Interest expense, net......................................................................................... (3,688)................. (4,351).......................(4,500) (As per CC and estimate re early loan retirement)
Loss on extinguishments of debt........................................................................ (1,240)....................—................................—
Other expense, net................................................................................................ (31)....................(227)...........................(243)
Income (loss) before provision for income taxes..................................................... 9,745..................(5,547)........................37,314
Provision for income taxes...................................................................................... —....................(3,270)........................(3,314)
Consolidated net income (loss)............................................................................ 9,745..................(8,817)........................34,000
Net (income) loss attributed to noncontrolling interest in variable interest entity........ (1,152)................ (2,009)........................(2,000)
Net income (loss) attributed to Pacific Ethanol.................................................... $ 8,593..............$ (10,826).......................32,000
Preferred stock dividends.................................................................................... $ (319).................$ (312)........................$ (400)
Income (loss) available to common stockholders................................................. $ 8,274.............. $ (11,138)....................$ 31,600
Net income (loss) per share, basic....................................................................... $ 0.55................. $ (0.69)....................$ 1.74
Weighted-average shares outstanding, basic and diluted....................................... 15,293...................16,181.......................18,000


Therefore for 2 quarters TOTAL $1.05 per share net!!


And actually likely more as I think Gross profits will be more the $42 million for this quarter!



GLTA


ID