PLP

Biofuels Professor Says Corn Will Never Work

Here is what I'm drawing from this article.
1. Corn based ethanol and everything associated with it is a bust.
2. Sugar cane ethanol as exhibited by Brazil is the future.

So

1. Probably the US will stop investing/producing in corn ethanol.
2. Probably the US will need to drop the tariff on Brazil ethanol imports.

To me that means Cosan (CZZ) is looking good.
CZZ is the largest producer of ethanol in Brazil. Half of Brazil's collective gas tank is ethanol, half is gasoline. The ethanol business in Brazil requires no government supports. CZZ is a triple play because it is the largest sugar producer in Brazil, largest ethanol producer in Brazil, and the by-product of both is bagasse which is being sold to burn in electricty producing turbines. CZZ is around $12/share.

CZZ looks like a fantastic buy - can somene please tell me where I'm wrong?