ALTO - Alto Ingredients: Don't Buy The Dip This Time

March, 16 2021 11:20 AM Alto Ingredients Inc.

Shares cratered after the company announced disappointing Q4 results last week.
Only 50% of the company's recently increased special alcohol production capacity for FY2021 is currently contracted.
On the conference call, management warned of very weak fuel grade ethanol margins year-to-date and announced the decision to sell its idle ethanol plants.
Balance sheet and liquidity continue to improve with net debt below $50 million at the end of Q4, down by $175 million year-over-year.
With Q1 results likely to be weak and a very wide range of potential outcomes for the remainder of the year, only highly speculative investors should consider using last week's earnings-related selloff to initiate positions.

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