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$1.19 -0.09 (-7.03%)
10/6/2008 4:00 PM

Pacific Ethanol, Inc. (PEIX)

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The Company is engaged in the production, marketing and sale of ethanol and other renewable fuels in the Western United States.

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Avatar ScottyMax (97.59) Submitted: 1/18/08 12:45 AM : Underperform Start Price: $7.05 PEIX Score: 57.31

I posted this as a reply but I am making it my pitch.

Sad days ahead for the ethanol producers. With prices of ethanol at pathetic 2.00/gal and corn prices at all time high of 5.00/bushel things are looking ugly. The conversion rate is about 2.7 gallons of ethanol per bushel of corn. With all the ethanol plants expected to come online over the next year and yields already surpassing federal mandates in my opinion ethanol plants are doomed to fail. Unless of course we all stop eating and the dollar starts taking roids. On bright side maybe the plants will start making cheap whiskey as the scrambled for ways to survive.

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