Ethanol Demand Helping Andersons, Inc.
04/28/2006
President Bush's commitment
to using ethanol to help relieve the nation's dependence on
foreign oil has helped companies like Andersons Inc.
(ticker: ANDE). The company's stock rose 11.8% this
week because of the increased focus on ethanol. The Ohio-based
firm held a groundbreaking ceremony for its 110 million gallon
ethanol plant in Clymers, Indiana this week. When completed
by the first quarter of 2007, the Clymers plant will be the
largest of its kind east of the Mississippi River. Along with
the 110 million gallons of ethanol, the plant will produce
350,000 tons of distillers dried grains, an animal feed ingredient.
The company appeared in the top 10 positions of our Cornerstone
Growth Stock Screens in July
(no. 7), August
(no. 9), and December
(no. 9). Since the stock appeared in our July screen,
the stock has risen 188.5%.
-Rex M. Jacobsen
Sr. Editor
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