This Fox show is normally a weird-assed screamfest with a bunch of money managers all talking at the same time. Last night I was able to cut through all the garble to notice that they mentioned Ethanol stocks. I think it was Mike Norman who picked Archer Daniels Midland (ADM) as his long term stock play simply because of their tie to Ethanol. It was kind of like they were on the same wavelength as me when it came to how green fuels can increase the gains in your portfolio.
I think it was Tobin Smith who mentioned that another stock that I have been doing research on PACIFIC ETHANOL (PEIX) He said it was a pure play that was poised to do well in the space. I think it could be an interesting take over target for Big Oil or even ADM depending on what direction they are going.
If it doesn't get taken over it could be a great growth story. They are building several ethanol plants in California so the transportation costs won't be as high to move the raw materials to the refinery. It is kind of like the Brazillian company Companhia Vale do Rio Doce's steel mill which is right next to their iron mines. Plus California already mandates that a certain amount of ethanol must be added to gas. This article also mentions PEIX as well.
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