Thursday, May 29, 2008

Pacific Ethanol’s Short-Lived Reprieve (PEIX)

From earth2tech:

For a few days there, things were starting to look up for Pacific Ethanol (PEIX).

Corn costs are surging. Demand is slack. And biofuels are being blamed for everything from toxic sludge to movie-ticket inflation. Pacific Ethanol, which recently suspended plans to build a new California plant, saw its stock drop 64 percent so far this year until it reported its first quarter earnings last week....MORE