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Shareholders Ancora wants Green Plains to explore sale, seeing $50/share

Jan. 31, 2023 8:52 AM ETGreen Plains Inc. (GPRE)By: Carl Surran, SA News Editor5 Comments

Group of rows of green stacked biofuel drums in storage warehouse

scanrail/iStock via Getty Images

Green Plains (NASDAQ:GPRE) +6.2% pre-market Tuesday after activist investor Ancora Holdings urged the company to explore a sale.

In a letter to the Green Plains (GPRE) board, Ancora said the company's "ongoing transformation faces numerous long-term risks, ranging from

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Comments (5)

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It's rare to identify an opportunity like GPRE. I agree with Ancora on all their points regarding the potential for high protein feed, clean sugar and the likely significant interest GPRE would attract. Where I diverge is one of timing. GPRE has been executing well, announcing meaningful JV's and is close to a major inflection point, this leads me to believe the potential value of GPRE could be a multiple of $50. I would like to see the company continue on its current business plan. and attract the appropriate value at the right time.
ComputerBlue profile picture
@Goldshoe yeah, no one is buying them today with all that capex
@ComputerBlue Yes, agricultural technology companies have capex
ComputerBlue profile picture
@Goldshoe no kidding..I work in the sector
ComputerBlue profile picture
Gpre..among the poorest operated cos in their industry

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