Replies to post #19026 on Alto Ingredients Inc (ALTO)

[PennyWorld]

I just think that that numbers look fairly bad. 150M float! Only 6.6M cash! And 121M debt!! Book value is at .36 in case they have to liquidate and it's nice that is above the PPS. But can we really trust that BV. How much of that is just "good will" but is not drawn out in the financials...not sure.

Don't mean to be negative here, but the fundamentals don't really look that good IMO for this stock to survive a full-blown R/S.

If PEIX can demonstrate sustainable profits via hedging, etc over the coming quarters then they have a chance. But I think the odds are stacked against them and they will have to RESET things via an ugly R/S.

So my position continues to be ....swing trade this stock over the short term only. These lows look enticing. At .26 I'll average down again. But I'll sell out at .32. Risk Mgmt means use stops.

JMHO. Good luck to you all !