We're now breaking even since yesterday's closing price! With an improving debt outlook, and a restoration of its' production facilities, this company can restart the growth phase of its' proud history.
"Pacific Ethanol plans to idle the western portion of its ethanol plant in Aurora, Nebraska, over the next two weeks amid historically weak margins that have forced the industry to throttle back production, according to three sources familiar with the plant’s operations."
Only the western portion of this plant has been idled, and only until the summer. This story, published yesterday in a farm journal, doesn't mention PacificEthanol, but it shows a bottoming of the ethanol market without saying so.