I did the same thing, gold: opened a small position last week at $1.28 and will add to that this afternoon at around $1.00. Even insiders are buying at these levels.
By the time our plants open (fall, 2008) the demand for ethanol will be much greater than it already is today. Each plant will produce 100 million gallons of ethanol in a year. That means each plant will fill 100 railroad cars per week. This will be a huge operation!
Happy 2Have bought today..It is CHEAP! Plain-&-Simple..
... and 4Less then the insiders! ;0)
...And don't forget...Wachovia Securities...Our new Broker representative friend...
..And the the new Broker/Analyst coverage and 1yr PPS target of $36/Share ;)
...Very doable considering within 12 to 14 months two 100 Million gallon annually, Ethanol Plants will be in commercial production...That is why I feel the Analyst PPS target estimate is very possible (if using industry forward comparable Revnue/Earnings/EPS multiples)...At least $$ Double-Dollar digits... A no-brainer here ;]