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IBDvalueinvestin (99.58)

Caps needs to Upgrade GPRE profile, its not longer just a 50M gal producer.

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July 15, 2009 – Comments (2) | RELATED TICKERS: GPRE

CAPS says GPRE :  Develops, constructs, owns, and operates a 50 million gallon dry mill ethanol plant in Shenandoah, Iowa.

Caps needs to update that profile from 3 years ago to present day which is more than 10x bigger:

About Green Plains

Green Plains Renewable Energy, Inc. is a low-cost ethanol producer operating six ethanol plants in Iowa, Indiana, Nebraska and Tennessee with a combined expected operating capacity of 480 million gallons of ethanol per year. Green Plains also operates an independent third-party ethanol marketing service, with marketing capacity of 305 million gallons of ethanol per year. Green Plains owns 51% of Blendstar, LLC, a Houston-based biofuel terminal operator with six facilities in five states. Green Plains' agribusiness segment operates grain storage facilities and complementary agronomy, feed, and fuel businesses in northern Iowa and southern Minnesota.

2 Comments – Post Your Own

#1) On July 15, 2009 at 1:21 PM, IBDvalueinvestin (99.58) wrote:

The Ethanol survivors like GPRE will profit big from OBAMA's Policy of subsidized ethanol.

Investors dont ask if like the policy or not they ask instead how can they profit from this policy, and thats simple, buy the survivors in the ethanol sector. BUSH did his job, he made majority of ethanol producers go bankrupt thru his bias for oil. Obama will do the opposite.

Obama's Corn-Fed Fake: Subsidized Ethanol




Investor's Business Daily asks: "If [Barack Hussein] Obama wants energy independence through alternative fuels, why doesn't he back imported sugar-based ethanol?"

The answer, according to IBD, is that "this old-style politician knows it isn't grown in the Midwest and Brazil has no electoral votes."


IBD:

Barack Obama says he represents change. He also criticizes John McCain for trying to drill our way to energy independence to add to the profits of Big Oil. But it's Obama who's playing politics by trying to plant our way to energy independence, buying votes with alternative fuel subsidies that benefit ethanol producers such as Archer Daniels Midland.

ADM is based in Illinois, the second-largest corn-producing state. Not long after arriving in the US Senate, Obama flew twice on corporate jets owned by the nation's largest ethanol producer. Imagine if McCain flew on the corporate jets of Exxon Mobil.

Corn-based ethanol gets a 51-cents-a-gallon tax subsidy that will cost taxpayers $4.5 billion this year. McCain opposes ethanol subsidies while Obama supports them. McCain opposed them even though Iowa is the first caucus state. Obama, touted by Caroline Kennedy as another JFK, was no profile in courage in Iowa.

That subsidy was cut to 45 cents a gallon in the new farm bill, but more money was pushed toward other biofuels such as switch grass. The Democrats can't wait for offshore oil or ANWR, but they can wait for switch grass. The tariff on imported ethanol was extended. Neither candidate voted on the bill, but Obama said he supported it. McCain said as president he would have vetoed it.

If Obama is sincere about alternative fuels, why does he oppose imported sugar-based ethanol from countries like Brazil? He supports not only the domestic subsidy, but a 54-cents-a-gallon tariff on imported ethanol. McCain opposes both.

 

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#2) On July 15, 2009 at 3:20 PM, TMFJake (60.34) wrote:

Updated the company description.  Thanks. --jk

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