Let the Ethanol Flow
Andersons (ANDE) used to manage grain silos, lease rail cars, and run a few home stores from its rural Ohio headquarters. Now it's an ethanol player. In the past year it has invested $36 million for minority stakes in three plants that will produce the fuel, which can be made from a variety of plant materials including corn, Andersons' speciality. Its share price has shot up from 30 to 122 during that time, adding more than $600 million to the company's market value.
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