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Wednesday, June 14, 2006

VeraSun Energy Corp. (VSE) Soars

VeraSun Energy Corp. (VSE), a leading producer of ethanol products, rose as much as 30% in its first day of trading. The IPO raised $419.8m for the company and its stockholders. The stellar performance of this stock shows that there still is much interest in ethanol related plays. They have been beaten down more than most in the past week which means they have been completely hammered. Many ethanol plays are cheap compared to the rest of the market.

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