“Go fetch me a bushel of corn. I will not be paying very much for it either.”
The simple fact of the matter is, the US farmer are stuck in a corn maze, all to do with the sun and a cooler than expected summer. These summer winds will bring forth RECORD corn crops. As such, the price of corn shall plummet to the dirt, offering corn farmers nothing but misery.
To profit from this, “The Fly” has decided to chase the shares of PEIX here. Gasoline demand is robust and we have a criminally insane administration who just might up the mandated 10% ethanol blend to something even more egregious. With corn low and gasoline high, ethanol producers are in a sweet spot (extra corn).
Other ethanol plays include REX, GPRE, BIOF and AMTX.
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suave’
Ethanol’s best application is in destroying engines
Must help the Midwest manufacturers somehow, I guess…
Methanol is even more corrosive. Just go back to 100% gas. Mileage should improve on that.
Good for Autozone
I just got into Yelp @ $67.89. two week loss of > 17% was enough for me. way too beaten down of a stock. I’m also a Yelen contrarian in regards to her musings yesterday about what stocks are over-valued.
GPRO took a big end of day shit on my head.
could short the ticker “CORN” on this thesis I suppose. Not sure I ever tried to borrow shares of this ticker. seems like a more direct play.
Grandma says sell small caps. The golfer puts out the “fair share” warning to corporations. Russia just got more sanctions. The tape is fighting a few new things after the last two days.
Oooo baby
BDIY:IND 755.00
-27.00 -3.45%
are you guys concerned the stock market is over-valued from a PE perspective? historical average is 15.52 and it’s currently at 19.65 based on trailing 12 months earnings.
No. It has been much higher, Then again, that P/E extreme has been getting lower highs, so who knows?! Lulz
Are you concerned I’m currently long both ANGI and YELP?