Opinions
Steve Martin
VeraSun Energy Corp.
VSE-N
PAST TOP PICK
Apr 18, 2008
$6.950
Stock price when the opinion was issued
other mines
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TOP PICK
Top Short Economics on ethanol refiners has gone right down the toilet. Not making any money and are aggressively ramping up capacity. As they ramp up, construction loan financing terms are almost like that teaser rate mortgages. In the next month or so, the US admin may update the renewable fuel standards, which would give a pop to the stocks. Wait till this comes out before shorting.
other mines
(Top Short Nov 22/07. Down 29.8%.) Valued at about 75% of its replacement cost. If you take that down to 50%, that would mark the all-time low and it could go down to $4 or $5 but he wouldn't continue holding this as a Short position as it will probably go nowhere for the next couple of years.