Posts Tagged ‘Pacific Ethanol’
Pacific Ethanol Plants Declare Bankruptcy
I don't actually enjoy posting "I told you so" stories, especially when the news is negative. This means someone has failed, and I don't enjoy seeing people fail. But when I put a spotlight on a company, naturally I am going to follow that company. If it does fail, then ...
Investing in Ethanol: A Case Study of Terrible Investment Advice
Comically Terrible TimingIn June 2006 I read an article at Financial Sense that promoted ethanol as a great place to put your money:Investing in Ethanol: A "New" Stock Play on Soaring Energy Prices and Why Now is the Time to Invest in ...
More Ethanol Plants Going Down
I won't say I told you so, but I will make a prediction here:VeraSun Suspends Production at Three DistilleriesJan. 9 (Bloomberg) -- VeraSun Energy Corp., the second- largest U.S. ethanol producer, has idled three distilleries as demand falls ...
Ethanol Series at Financial Times
Financial Times has put up a series on ethanol in their "In Depth" section:In Depth: EthanolI haven't had a chance to read the articles, but did speak with a Financial Times reporter and had several e-mail correspondences prior to publication of the series. I don't ...
PEIX Drops Below $2
Wow! I just checked a few stocks that I tend to watch, and Pacific Ethanol (PEIX) has now fallen to $1.85 a share. It is now down more than 95% off its high, and down more than 90% from the first time I warned that the company was ...
Pacific Ethanol in Trouble
Don't say I didn't tell you so. I warned about PEIX's poor fundamentals a year and a half ago, and the share price has fallen steadily since then.Pacific Ethanol suffers a bigger-than-expected lossPacific Ethanol Inc., a California biofuels darling that boasts political connections and ...
Pacific Ethanol Woes Continue
I have been a critic of Pacific Ethanol's (PEIX) business model for a long time. I criticized it a year and a half ago in an article I wrote for Financial Sense, arguing that it would be very difficult for them to compete with Midwestern ethanol producers. Add in ...
Pacific Ethanol Continues Slide
In June 2006, I warned about Pacific Ethanol (PEIX) in response to a story suggesting that the company presented a great investment opportunity:Ethanol Investing: CounterpointSome excerpts of what I wrote:I will make the case that many claims regarding ethanol are overblown, ...
