$2 or higher gas - Can ethanol make a comeback? Message Board

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Non-Tech : $2 or higher gas - Can ethanol make a comeback?

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Jan 16 9:30 AM EST

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To: Glenn Petersen who wrote (1330)	6/14/2006 10:36:35 AM
From: richardred	Read Replies (1) of 2801

VeraSun Jumps at Open By TSC Staff 6/14/2006 10:19 AM EDT Ethanol producer VeraSun (VSE:NYSE - commentary - research - Cramer's Take) surged 31% early Wednesday in its New York Stock Exchange debut. Shares of the Brookings, S.D., corn fueler jumped to $30 early Wednesday. The company priced its 18.3 million-share initial public offering at $23 Tuesday. VeraSun is raising $421 million in the deal, which had been expected to price at $20 to $22 a share. Up until recently, ethanol stocks like The Andersons (ANDE:Nasdaq - commentary - research - Cramer's Take) have been among the market's top performers. But the marketwide selloff that started last month has crushed these names, with the Andersons down 37% from its spring peak thestreet.com

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