They were struggling for a few years. Had over $300MM in debt. Went bankrupt. Has fought back. Paid back most (if not all?) their debt. Increasing revenues. Bottom line increasing.
That's why I bought. I am more and more becoming a value/fundamental Buffett-style investor. PEIX is still a high risk in my book. But, a risk that could have a very high reward. So, yeah, I do think they are turning it around. Unfortunately, some of the "pinky" promoters saw the potential in this too. If things continue to ramp up, though, we'll be out of "pinkyland" and back onto the main stage so we can make that nice, slow rise to a nice payday. Happy investing my friend!
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