Twelve Good Reasons to Never Buy EEE stock
by: shortsided
1. Evergreen has a bill coming due that will drain their cash reserves and most likely force the sale or loss of assets, including the Buckeye coal mine.

2. There has been a delay by Congress in rewriting the nation’s coal emission laws. Evergreen is counting on those laws being rewritten to tell you it is only a matter of time before K-Fuel, C-Lock or what ever else they dream up is needed. If you want to gamble go to Biloxi.

3. Evergreen has learned a lot during the past couple years, test processing about 25 types of coal and lignite from all over the world. And they discovered 'Producing K-Fuel was not economically feasible' so they shut down their only plant and wrote off $200 MILLION DOLLARS of SHAREHOLDER WORTH.

4. Despite numerous independent test burns have confirming that K-fuel performs as advertised and trying to sell it below cost, no one was willing to sign a long term contract with the company.

5. World wide environmental regulations are tightening, and there are VAST amounts of coal still in the ground so there will no need to process and burn the lower grade dirt for years to come if ever.

6. Evergreen has learned that the nation’s railroads have serious limitations, and good product transportation is critical to success. Most companies already knew this. Evergreen also learned you have to plan shipments more than week in advance and the railroads don't like it when train cars burst into flames.

7. Gillette was a good place to source PRB coal, but the Wyoming winters tend to be extreme, resulting in a sky high golf handicap.

8. With Bechtel at their side, Evergreen learned a lot of important lessons about how to build a refinery and it only cost $200 million to discover you should hire real engineers to design a coal processing plant.

9. You would think higher coal prices would be good for Evergreen until it dawns on you that all the users pay the same for coal unless they have signed delivery contracts, but in any case the voal costs are passed along to their customers.

10. The company has never met one single goal ever.

11. Company Management Lies.

12. See Number 11. That should be reason enough for anyone.