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Text size [+][-]  Saturday November 21 2009GLOBAL EDITION

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12 Jun 2006 08:41

Cornpone



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A crop of ethanol producers is fetching premium IPO valuations. But their growth is predicated on unsustainable ethanol prices. As Alan Greenspan noted this week, the economics of the business aren’t there. Investors may be in for some nasty surprises.

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More stories by:  Cyrus Sanati




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