Replies to post #29824 on Alto Ingredients Inc (ALTO)

[Harry Winston]

You quoted something I wrote last Saturday, when the price was rallying. The PEIX stock price went up significantly since one week earlier.

The market's expectations and stock price movements are influenced by many factors, which sometimes include attempts to manipulate the price of a given stock for reasons other than profits.

Thank you for posting the quarterly stats, which include this comment.

Neil Koehler, Pacific Ethanol’s president and CEO, stated, “The ethanol market is emerging from the bottom of the cycle in late 2018 when crush margins were at historic lows and our first quarter 2019 results reflect these improving market conditions. Our first quarter 2019 net sales were up 6% sequentially to $365 million. Additionally, during the quarter we implemented cost reductions that improved our operating margin. While loss available to common stockholders was $13.2 million, Adjusted EBITDA was positive $1.6 million for the first quarter, representing a significant improvement over the fourth quarter of 2018.

“We are making progress on our strategic initiatives to improve liquidity, reduce our debt and to provide greater financial flexibility to pursue future growth opportunities and increase shareholder value. When looking at the overall ethanol industry, we continue to believe the compelling cost, octane and carbon benefits of ethanol will drive additional demand in 2019 supported by an expected resolution of trade disputes with China and a final rule from the EPA facilitating the year round use of higher ethanol blends.”

I like my long position.