BioFuel gets boost from analyst: “BioFuel shares continue to be valued well below its construction costs”

May 14, 2008

BioFuel (BIOF) and VeraSun Energy (VSE) reported quarterly results, with BIOF showing a $0.12 loss per share for overhead expenses and VSE declaring earnings of $0.08. Commenting on the resulots,, Raymond James analyst Pavel Molchanov said “The timetable for bringing online BioFuel’s two 115 MMgy plants, Wood River (Nebraska) and Fairmont (Minnesota), remains essentially unchanged … BioFuel shares continue to be valued well below its construction costs.”