Vertex Energy's Refined Business Model Should Not Be Ignored [Seeking Alpha]
Vertex Energy, Inc (VTNR)
Last vertex energy, inc earnings: 11/8 06:02 am
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US:NASDAQ Investor Relations:
vertexenergy.com/investor-relations
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Source: Seeking Alpha
Summary Vertex Energy expected significant progress in its 2019 fourth quarter. Instead, the developments were announced in early January. The market is already showing its disappointment. The company's refined business model means it should be net cash-positive when it reports 2020 first quarter results. Its adjusted EBITDA is expected to at least quadruple. Plus, it's locked in purchases of its IMO-compliant marine fuel for the next decade. The drift downward in its share price is illogical, and alert investors will act before the market readjusts. My investment thesis on Vertex Energy (NASDAQ: VTNR Vertex Energy is a used motor oil [UMO] re-refiner. Without doubt, re-refining used motor oil is a noble endeavor. The United States generates approximately 1.3 billion gallons of used motor oil annually. Approximately half is burned by industrial companies as a fuel source. Of the remaining half, it's estimated Americans improperly dispose of 200 million gallons. The remainder is re-ref
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VTNR
News
- Vertex Energy, Inc. (NASDAQ: VTNR) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Vertex Energy, Inc. (NASDAQ: VTNR) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Vertex Energy Initiates Bankruptcy Proceedings, Shares Plunge [Yahoo! Finance]Yahoo! Finance
- Vertex Energy, Inc. (NASDAQ: VTNR) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Vertex Energy Files For Chapter 11 Bankruptcy, Secures $80M Lifeline Financing [Yahoo! Finance]Yahoo! Finance
VTNR
Earnings
- 8/8/24 - Miss
VTNR
Sec Filings
- 10/9/24 - Form 8-K
- 10/1/24 - Form SC
- 10/1/24 - Form SC
- VTNR's page on the SEC website