Upside
Long/short equity, special situations

Clean Energy Fuels: A Flawed Business Model And Morgan Stanley's Folly

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)...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details