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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (15557)	2/23/2006 12:54:42 PM
From: Galirayo	Read Replies (2) \| Respond to of 23958

[MGPI] I've been watching a Handle take shape recently. mgpingredients.com I just don't know how long it will take. stockcharts.com Energy costs dent MGP's earnings Thursday February 9, 11:07 am ET Higher natural gas prices lowered MGP Ingredients Inc.'s second-quarter earnings, despite higher revenue compared with last year. Before the market opened on Thursday, the Atchison-based company (NYSE: MGPI - News) reported earnings of $818,000, or 5 cents a share, for the quarter that ended Dec. 31. This is a 40 percent decrease from $1.35 million, or 8 cents a share, for the same quarter a year earlier. Sales for the quarter were $75.7 million, up 24 percent from $61.2 million a year earlier. MGP Ingredients, founded in 1941, produces a range of grain-based products at plants in Atchison; Kansas City, Kan.; Onaga, Kan.; and Pekin, Ill. Published February 9, 2006 by the Kansas City Business Journal ....................................... In the end, Ford and GM's more emphatic promotion of ethanol will probably be more beneficial to ethanol producers like Archer-Daniels-Midland (NYSE: ADM - News) and MGP Ingredients (Nasdaq: MGPI - News). The ramped-up marketing of "flex fuel" offerings will raise consumer awareness of E85, and the additional fueling stations will probably lead to some boost in demand, especially since there are 5 million vehicles on the road already capable of running on the fuel. biz.yahoo.com