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Bloomberg's Wilson on Stock of the Day: Green Plains (Audio) · Bloomberg Intelligence

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  Speaker 1: All right, Dave, you're up. H Hi, my name is
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  Speaker 1: Dave Justic. What do you think you're doing. We're going
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  Speaker 1: for the pricedown Wilson, Dave, Dave, Mr Wilson. That's amazing
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  Speaker 1: what buying a vinegar producer can do for a company
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  Speaker 1: for the right one. Sure, I mean we're talking about
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  Speaker 1: green Planes here as the buyer. They're an ethanol producer
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  Speaker 1: ticker g p r E and RDY stands for renewable energy,
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  Speaker 1: which was formerly part of its name. Shares of green
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  Speaker 1: Planes began began trading publicly in two thousand and six
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  Speaker 1: when the ethanol industry was booming. Now that boom later
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  Speaker 1: faded and the shares never topped the record. On the
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  Speaker 1: first day of trading, they dropped as low as a
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  Speaker 1: dollar twelve. In March two thousand nine. With the current
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  Speaker 1: bullmarket in US stocks began, green Planes then stored as
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  Speaker 1: much as forty one fold through September. Later pulled back
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  Speaker 1: gave way to our rebound this year and yes, the
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  Speaker 1: recovery gain momentum after a two hundred and fifty million
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  Speaker 1: dollar deal to buy an industrial vinegar maker. The company's
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  Speaker 1: buying Fleischman's Vinegar, which uses ethanol in its production process,
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  Speaker 1: hence the connection with green Planes business. What's more, green
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  Speaker 1: Planes chief executive Todd Becker said he sees lower grain costs,
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  Speaker 1: aiding the company and its US rivals when it comes
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  Speaker 1: to exports, US producers make ethanol from corn. Compare that
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  Speaker 1: with Brazil, where producers use sugarcane and said Becker said
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  Speaker 1: those companies are facing higher cane costs. Green Planes after
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  Speaker 1: all this up five closing in its highest price in
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  Speaker 1: more than fifteen months. Well, Dave Wilson, Bloomberg Stocks Commas,
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  Speaker 1: thank you very much. You can follow him on Twitter
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  Speaker 1: at the one Dave and send him an email at
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  Speaker 1: d Wilson at Bloomberg dot net. You're listening to taking Stock.
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  Speaker 1: I'm pim Fox my co host Kathleen Hayes. This is
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  Speaker 1: Bloomberg