24/7 Wall St.
09-17-2008, 10:50 AM
24/7 Wall St. Daily News
VeraSun Energy (NYSE: VSE) is about to get pounced and trounced this morning. Last night the ethanol producer announced that it now expected a quarterly loss. Analysts are looking for -$0.02 EPS before the warning and estimates were as high as $0.05 about three months ago. It is also selling 20 million shares of common stock through Morgan Stanley and UBS. We have also seen Oppenheimer downgrade its rating to PERFORM from Outperform. Shares closed at $5.22 yesterday and are indicated down 29% at $3.69 right before the open. The last official NYSE Indication showed $3.00 to $5.00. This one is looking ugly today.
Jon C. Ogg
September 17, 2008
complete story here... (http://www.247wallst.com/2008/09/day-trader-al-5.html)
VeraSun Energy (NYSE: VSE) is about to get pounced and trounced this morning. Last night the ethanol producer announced that it now expected a quarterly loss. Analysts are looking for -$0.02 EPS before the warning and estimates were as high as $0.05 about three months ago. It is also selling 20 million shares of common stock through Morgan Stanley and UBS. We have also seen Oppenheimer downgrade its rating to PERFORM from Outperform. Shares closed at $5.22 yesterday and are indicated down 29% at $3.69 right before the open. The last official NYSE Indication showed $3.00 to $5.00. This one is looking ugly today.
Jon C. Ogg
September 17, 2008
complete story here... (http://www.247wallst.com/2008/09/day-trader-al-5.html)