This company is a diversified, profitable, deep pocket partner who manages and has a stake in three Ethanol plants. (as well as a lot of related stuff) The SkunK believes their smallest; the 55mmgy ethanol plant at Albion, Michigan, will have our commissioned COEs completed on the "purchase option" by the end of this month. That explains why it is not mentioned in the associated 8-ks in the latest $38M financing deal. They also are large stakeholders and manage two 110mmgy Ethanol behemoths; one in Clymers, Indiana, and the other in Greenville, Ohio. I suspect if they are satisfied with the GERS relationship, there is a huge potential to do more business with this well financed and well run company. Hey SkunK - On what do you base this "well financed and well run comment"?
Read on, Read on . . .
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The Andersons, Inc. Announces Cash Dividend for the First Quarter December 19, 2008
MAUMEE, OHIO, DEC. 19, 2008 – The Andersons, Inc. (NasdaqGS:ANDE) today announced a first quarter 2009 cash dividend of 8.5 cents ($0.085) payable January 23, 2009, to shareholders of record on January 2, 2009.
MAUMEE, OHIO, DEC. 19, 2008 – The Andersons, Inc. (NasdaqGS:ANDE) today announced a first quarter 2009 cash dividend of 8.5 cents ($0.085) payable January 23, 2009, to shareholders of record on January 2, 2009.
This is The Andersons’ 49th consecutive quarterly cash dividend since its listing on the Nasdaq on February 20, 1996. There are approximately 18.1 million common shares outstanding.
About The Andersons, Inc.
The Andersons, Inc. is a diversified company with interests in the grain, ethanol and plant nutrient sectors of U.S. agriculture, as well as in railcar leasing and repair, turf products production, and general merchandise retailing. Founded in Maumee, Ohio, in 1947, the company now has operations in 12 U.S. states and Puerto Rico, plus rail equipment leasing interests in Canada and Mexico. For more information, visit The Andersons online at http://www.andersonsinc.com/.
*****The SkunK is thinking along these lines on the Ethanol Industry in general, the Andersons in particular:
"However, as their hedging contracts reset, surviving ethanol producers may be well positioned to rebound back into profitability and growth thanks in part to low prices and the legislation for mandated use of ethanol. A pro-renewable energy Obama administration will add momentum to the existing legislation as well."
*****
49th consecutive quarterly cash dividend - WOW
SkunK
Disclaimer: SkunK owns no stock in The Anderson, Inc. and except being a shareholder in GERS, I have no connection to ANDE. However, after writing this blog I am thinking about it. Damn Straight.
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