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What are you seeing that is making you want to get in? If the past is any indicator, you should be able to buy around these levels ($3ñ) through about August, and look for something close to a double by late fall or early winter. Now that I've said that, the damned thing will change up and act differently. HIPC is heavily impacted by news relative to government subsidies for ethanol, the winter driving season when oxygenated fuel is required, and corn prices. In the past, the company set about very successfully to increase shareholder value, but it's been a couple of years, and the same tact (stock splits increasing the number of shares and enhancing liquidity) doesn't appear workable. I don't know if there's anything they can do, now, other than relax on growing their capacity for a few quarters and turn a genuine profit. Last year, their earnings appeared very high going into the fall mostly because of their corn futures trading. In hind sight, which, of course is 20/20, you could have done very well over the last couple of years buying around $3-$3 1/4, and selling anytime it gets over $6. Unfortunately, anytime the stock has seen $6 3/8, it has looked like it should go to $10+, like it did in Dec. '94, so I've held. This has not been a fun long-term hold. I guess I'm probably not building your confidence, so I'll shut up. |
