Interesting stock I recently found. The more trend lines I
draw the less impressive with the technicals I am but the chart
made me take notice. Obviously very beaten but I believe this
is the world's largest water company. A European company it
undoubtedly suffered from austerity and the recession but with
inroads in China and a strong European presence it could get back
going.
Also looks to have between $11-12 per share in cash (different
sources show different numbers - would have to verify). Looks
like they pay an annual dividend which was already paid for 2012
but was $0.89. Even if that declines for 2013 for a $10 stock
that is pretty healthy. I definitely will be adding this one
to the watch list and doing more work on it.
VE
Posted by tom on 7th of Nov 2012 at 09:11 am
Interesting stock I recently found. The more trend lines I draw the less impressive with the technicals I am but the chart made me take notice. Obviously very beaten but I believe this is the world's largest water company. A European company it undoubtedly suffered from austerity and the recession but with inroads in China and a strong European presence it could get back going.
Also looks to have between $11-12 per share in cash (different sources show different numbers - would have to verify). Looks like they pay an annual dividend which was already paid for 2012 but was $0.89. Even if that declines for 2013 for a $10 stock that is pretty healthy. I definitely will be adding this one to the watch list and doing more work on it.
Chart Link
thanks Tom, I love water as a long-term theme
Posted by rikkwan on 7th of Nov 2012 at 09:20 am