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 […]
Tag: PEIX
Investing in Ethanol: A Case Study of Terrible Investment Advice
Comically Terrible Timing In 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 […]
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 Distilleries Jan. 9 (Bloomberg) — VeraSun Energy Corp., the second- largest U.S. ethanol producer, has idled […]
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 […]
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 loss Pacific […]
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 […]