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Rex American beats Q2 expectations, lifting biofuel/ethanol names

Aug. 27, 2014 2:41 PM ETREX American Resources Corporation (REX) StockBy: Carl Surran, SA News Editor
  • Rex American Resources (NYSE:REX +12.8%) reaches new all-time highs after posting strong beats in Q2 earnings and revenues, as the company credits favorable market dynamics combined with the efficiency of its plants for leading to record Q2 net income.
  • Says cash rose 45% from year-end 2013 to ~$152M, plant-level debt fell 18% to ~$62M, and debt-to-capital ratio was 16% from 21% as of Jan. 31.
  • The upside Rex results appear to be boosting biofuel and ethanol related names: PEIX +5.6%, OTCPK:BIOF +4.9%, GPRE +2.6%, REGI +1.8%, ADM +1%.

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