Posts Tagged ‘BIOF’

BioFuel Energy Corp. (BIOF) – Buzz Stock of the Day

Wednesday, January 26th, 2011

Shares of ethanol company BioFuel Energy Corp. (Nasdaq: BIOF) was up as much as 25 percent from Tuesday’s closing price in morning trading on Wednesday.

Shares of BIOF traded as high as $1.30 per share, up from Tuesday’s close of $1.05.

Ethanol companies caught a boost late last week after it was announced that the Thursday, the EPA approved the use of up to 15% ethanol in gasoline (E15) in vehicles produced from 2001 until 2006.  Previously, the maximum gasoline blend was 10 percent ethanol.

Although it may not have an immediate impact  the EPA nod is definitely a positive sign for the industry and companies like BioFuel Energy Corp., which engages in the production and sale of ethanol and its co-products primarily in the United States. The Denver-based company has two ethanol plants that produce 115 million gallons of ethanol per year that arelocated in Wood River, Nebraska and Fairmont, Minnesota. BioFuel Energy sells its products to its third party marketer and distributor.

For the three months ended September 30, 2010, BioFuel Energy Corp. reported net sales of $114.7 million, up 4 percent form net sales of $91.1 million reported for the same quarter a year earlier.

Shares of BioFuel Energy Corp. are down approximately 78 percent over the past three months.

BIOF busy, BAC in trouble, EK out of focus

Wednesday, January 26th, 2011

BioFuel Energy Corp. (Nasdaq: BIOF) shares improved 18.1 percent to $1.24, on volume of 384,014 shares, just outdistancing its daily average.

Bank of America Corp. (NYSE: BAC) exchanged 65.7 million shares Wednesday, compared to a daily average of 204.5 million. Share prices improved 0.3 percent to $13.67, after the bank was sued by mortgage investors over what they called “massive fraud”.

Eastman Kodak Company (NYSE: EK) shares tumbled 16.6 percent to $3.77, on volume of 35.5 million – four times its daily average — after EK reported its quarterly profit plunged 95 percent and revenue tumbled 25 percent on steep declines in its digital business as well as a drop in intellectual-property licensing revenue.

OXM celebrates, CSCO busy, BIOF backslides

Wednesday, December 22nd, 2010

Oxford Industries, Inc. (NYSE: OXM) galloped ahead 23.91 percent in price Wednesday to $27.47. Volume of 799,682 shares swamped its daily average of 143,603. OXM is an international apparel design, sourcing and marketing company.

Cisco Systems Inc. (Nasdaq: CSCO) traded in 30,591,580 shares Wednesday, less than half, however, of its daily average of 71,916,500. Share prices for CSCO were flat at $19.53.

BioFuel Energy Corp. (Nasdaq: BIOF) fell 16.08 percent in price Wednesday to $1.67, on volume of 738,567 shares, compared to a full-day average of 491,308. The Denver-based BIOF currently has two 115 million gallons per year ethanol plants in the Midwestern corn belt.