Cosan Ltd. (CZZ)is the largest processor of sugar in Brazil and for that matter the Western hemisphere. As most of us know by now, Brazil, and specifically Cosan are lobbying the United States hard to the to allow favorable terms for the import of Brazilian sugar, and for good reason.

There is a lot of negative sentiment directed towards the ethanol industry. But proponents of the alternative energy plays like wind, nuclear, biomass and solar are still cost prohibitive. If you had to pick one ethanol company, why not go with the largest exporter with a superior crop to that of corn and make a play on the rebound in sugar prices sometime in the next couple of years.

Currently, shares of Cosan Ltd. (CZZ) are trading at $2.50 per share, with the company generating about $600 million in revenues. The stock traded as high as $16 back in March of this year when oil prices started firming up. Sugar is a world mainstay commodity, and CZZ is the leading name that will attract traders looking to bottom fish the commodity sector during the current recession. Needless to say a move back to $15 is a five-bagger. What's not to love?

Recommendation:  Buy Cosan Ltd (CZZ) at market.