In my look at ethanol's messy fall, I noted my annoyance with some of the statements made by Pacific Ethanol
The company ran at a loss in the quarter, and it's in no position to do continue doing so, with competitors like Archer Daniels Midland
Yesterday morning, Pacific announced that it has suspended construction on one of its new ethanol projects until market conditions improve. For some reason, the reaction yesterday was muted, but today the stock rose 10% at one point. How's that for a strong endorsement?