It's been quite a roller coaster ride for investors in Pacific Ethanol (NASDAQ:PEIX) over the last 14 months as the company narrowly avoided falling back into bankruptcy in 2013 only to enjoy the current operating environment presenting some of the best ethanol crush margins in recent history. Owners of the stock endured a 15:1 reverse split in May of 2013 and a low share price of $2.43 in November before the tides turned and the company was saved by a large drop in corn prices, as shown below.
US Corn Farm Price Received data by YCharts
This trend of low input costs has continued into the second half of 2014 as corn futures have declined to prices not...
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