PEIX PR’s always seem positive.
This is what the PR said when they reported the first quarter of 2018, when the share price was still at $3.45, half of today’s book value, a year ago. We know what that brought.
“Neil Koehler, Pacific Ethanol's president and CEO, stated: 'Production margins in the ethanol industry during the first quarter improved slightly from the fourth quarter of 2017 but remained compressed, as ethanol inventories reached an historic high in early March. The fundamentals have improved since then due to strong exports, higher fuel demand, and moderating overall ethanol production. Ethanol inventories have fallen nine percent over the last two months and are now five percent lower than last year at this time. We are optimistic the improved supply and demand balance will result in margin improvements as we enter the peak demand season.”
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