An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.
VERDICT
The label
Markdown
read at $47.32
REX American Resources Corporation holds its Markdown at $47.32.
PHPhase · the trend structure carries the Markdown label
INInsiders · no filings inside 60 days, left as found
POPositioning · no disclosures inside 60 days, left as found
OPOptions · no verdict drawn today, left as found
SCScreen · passes the values gate
edge confirmed
edge broken
edge forming
Each arm is one independent read. Conviction is not a single call, it is how many edges converge.
INVESTOR
The investor read · the season, not the day
As held on the ledger · 2026-07-19
Phase
Markdown · caution
Quantitative state
Consolidating, no directional conviction, held for 42 days
Price
$47.32
Valuation
16.90 trailing · 20.85 forward price to earnings
Values screen
PASS
Beta
0.62
OPPORTUNITY
The opportunity · what the numbers say it is worth
Read at
$47.32
16.90 P/E · 20.85 fwd
Our fair value
$23.66
50% premium
Price history & projections · where it has been, where the models see it going
The valuation journey · where the price sits against fair value and the Street
Current
$47.32
you are here
Conservative
$23.66
-50%
Our fair value
$23.66
-50%
Green marks levels above today's price, red below; the shaded band is the gap between the price and our fair value.
Revenue growth
3.60%
Profit margin
14.13%
Debt to equity
2.70
Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.
SCREEN
The values screen, explained · five checks, plain English
This company clears both standards. There are two widely recognised ways to check whether a company is suitable for a Muslim investor. Here is how it did on each:
The common standard· AAOIFI Used by most halal investing apps✓ PASSES
Our stricter standard· asset-based The one Titan applies✓ PASSES
Business activityIts core business isn't built on prohibited lines — no gambling, alcohol, tobacco, weapons, or interest-based lending.Pass
Debt loadInterest-bearing debt is just 1.3% of its assets, well under the one-third ceiling — it does not run on borrowed money.Pass
Interest-bearing cashCash held in interest-bearing accounts and securities is 23.2% of assets, under the one-third limit.Pass
ReceivablesMoney owed to the company is 0.0% of assets, under the 49% limit.Pass
Revenue purityOnly 0.0% of revenue comes from non-compliant sources — under the 5% line.Pass
Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.
PLAIN
The business, in plain words · what the numbers mean
Corn prices and fuel blends offer no margin
Picture a Midwest ethanol plant turning corn into fuel additive. One good harvest or a policy tweak on blending mandates can swing results sharply, yet REX American Resources trades at nearly double our assessed fair value with a forward multiple of 20.8 times earnings.
The business clears an ethical screen and posts a moderate moat, 14 percent profit margins and 16 percent ROE. Still, 4 percent revenue growth does not justify the gap to fair value, and in a cyclical sector a seemingly reasonable multiple at peak conditions often signals the start of compression rather than a bargain.
Commodity volatility, policy shifts and thin demand visibility keep downside risk material even for a clean operator. Peak earnings rarely last, and paying a premium for them rarely ends well.
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market; it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
PEERS
Related securities · others in REX's space worth a look
Screened names in the same industry · explore each on its own page.
TRADE
Where & how to trade · wherever in the world you are
REX trades on the NYSE. As a US-listed security it is accessible through almost any international broker offering US markets. New to this, or investing from outside the US? Our guide to accessing global markets covers brokers, currencies and the practical steps.
TRADER
The trader read · the latest dated commentary
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 33% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 96%. Our forward projection puts the odds of a 10% gain over the next month near 28%. Entered 2026-07-18 · Markup
JOURNAL
The dated journal · newest first, never edited
2026-07-18Markup$44.92+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 33% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 96%. Our forward projection puts the odds of a 10% gain over the next month near 28%.
2026-07-03Markup$44.92+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Markup$44.92Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
POLITICAL
The political ledger · congressional disclosures
Disclosures naming REX
Date
Politician
Party
Type
Amount
26 Feb2025
Daniel Webster
Republican
sell
15K–50K
RETURNS
What holding actually paid · price plus dividends
If $1,000 had been placed · historical, not a promise
Period
Price then
Price return
Divs per share
$1,000 became
Total return
1 month
$49.40
-11.2%
·
$888
-11.2%
2 months
$44.21
-0.8%
·
$992
-0.8%
3 months
$39.55
+10.9%
·
$1,109
+10.9%
6 months
$33.31
+31.7%
·
$1,317
+31.7%
1 year
$22.41
+95.8%
·
$1,958
+95.8%
2 years
$23.53
+86.4%
·
$1,864
+86.4%
3 years
$17.01
+157.8%
·
$2,578
+157.8%
5 years
$16.09
+172.6%
·
$2,726
+172.6%
Historical returns from market close data. Past performance does not guarantee future results.
SEALED
This entry now belongs to the ledger. Whatever REX does next, these words stay.
REX American Resources Corporation · REX · Markdown · $47.32
Recorded 2026-07-19 · before the outcome · scored mechanically