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

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

DAR 33.79

-2.0%

Oct 28 3:59 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: richardred who wrote (2778)	5/19/2016 8:44:40 PM
From: Lance Bredvold	Read Replies (1) of 2801

Well, there is an unexpected blast from the past. I do offer opinions on RAVN still as it is one of my larger holdings. Clearly would have been better to get out of it a few years ago, but my system included a few sales above $40 followed by replacement purchases from $30 down. My comments are on Investor Village's RAVN board and I did read the SEC filing this afternoon which led to the amazing 13% rise in stock price today. I'm not impressed, but when a company has been in the doldrums as long as RAVN has, any little sign of life is rewarded. I expect the price to retreat again. If you have not been following RAVN, the old chairman retired along with the COB. The long planned replacement stepped in as CEO and promptly set to work spending all the accumulated wealth on new buildings and facilities. Also gave up on electronics manufacture to large customers, only retaining the ability to build their own electronics. I regard that as a mistake as working for others kept their knowledge on the cutting edge. So down to 3 divisions they have lost all of the old heads and seem to have acquired politically active ones including even a military contractor in Washington DC. It's not your father's Raven Industries any more. But, perhaps it will shine again. They been excusing poor results based upon poor ag and poor energy markets. True, but I'd say their bigger problem is that overhead has doubled along with fancy new facilities. Corporate expense at least twice what it used to be on a much larger sales base. Everyone getting paid considerably more. So I stopped buying at $20 or so but will purchase more if there are signs of sustained life. I no longer go to the annual meeting because I'd not enjoy criticizing management. So I just criticize here. No longer have this board bookmarked, but somehow SI sent an e*mail telling me of this response. best, L

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next