Just entered at 0.47. i entered because the finacials look awesome; my question is how come the prices are so low for a company which did a turonver of 270 million in just a quarter!
the prices should be way in excess of 3- 4 dollars.. what's the catch here guys?
Financial Results for the Three Months Ended September 30, 2011
Net sales were at an all-time high of $271.6 million for the third quarter of 2011, compared to $46.0 million for the third quarter of 2010. Total gallons sold were 122.6 million for the third quarter of 2011, a sequential increase of 22% from the second quarter of 2011 and an increase of 71% over the 71.5 million gallons sold in the third quarter of 2010. The increase in net sales was primarily driven by the fact that the company did not consolidate the results of the Pacific Ethanol plants in the third quarter of 2010. The increase in total gallons sold was primarily due to continued strength in the company's marketing business and a 54% increase in average sales price per gallon
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