As in the classic Hans Christian Andersen tale, it never ceases to astonish how some analysts in the investment community can become so caught up in tales and fables of beautiful threadbare yarn that somehow it never occurs to them the emperor is scantily dressed at all. Such is the case with the May 29, 2014, Clean Energy Fuels (NASDAQ:CLNE) report from Morgan Stanley, which is largely based on a fanciful thesis, which CLNE removed from its website over three months ago.
Myth #1: "Truckers can achieve <3 years payback on an LNG truck"
Someone forgot to tell Morgan Stanley that new Class 8 diesel trucks achieve 7 miles per diesel gallon vs. Cummins Westport (NASDAQ:WPRT)...
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