I am hearing alot about ethanol and I am seeing it at my gas station. I was thinking about buying ethanol stocks in a company call Xethanol (XNL). Do you think this is a good idea.
I think buying stock in a new industry, with a lot of hype, is always risky. Just like the dot.com stocks. And this company isnt making any money yet. It is also a penny stock. I think it would be better to wait for a shakeout and see which companies are going to survive and make money.
allwas get some news on the company before you invest in them and as of now 3 out of 5 analyst are saying to sell the stock not to buy. here is some news on them for you….
Xethanol Corporation (AMEX: XNL), a renewable energy company, today reported financial results for the three and six months ended June 30, 2007.
For the second quarter of 2007, the company reported a net loss of $6.6 million, or ($0.23) per share, as compared to a $5.9 million net loss, or ($0.24) per share, for the same period of the prior year. The increase in the net loss was primarily related to $4.5 million in non-cash charges including a $2.8 million impairment charge on property held for development. For the three months ended June 30, 2007, the weighted average number of shares outstanding was 28.6 million as compared to 24.2 million weighted average shares for the comparable period in 2006.
Leave a Comment
If you would like to make a comment, please fill out the form below.
I think buying stock in a new industry, with a lot of hype, is always risky. Just like the dot.com stocks. And this company isnt making any money yet. It is also a penny stock. I think it would be better to wait for a shakeout and see which companies are going to survive and make money.
allwas get some news on the company before you invest in them and as of now 3 out of 5 analyst are saying to sell the stock not to buy. here is some news on them for you….
Xethanol Corporation (AMEX: XNL), a renewable energy company, today reported financial results for the three and six months ended June 30, 2007.
For the second quarter of 2007, the company reported a net loss of $6.6 million, or ($0.23) per share, as compared to a $5.9 million net loss, or ($0.24) per share, for the same period of the prior year. The increase in the net loss was primarily related to $4.5 million in non-cash charges including a $2.8 million impairment charge on property held for development. For the three months ended June 30, 2007, the weighted average number of shares outstanding was 28.6 million as compared to 24.2 million weighted average shares for the comparable period in 2006.