Veolia Environnement (VE) Buy, Sell or Hold

Veolia Environnement (VE)

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DON'T BUY

Management has screwed things up and this is one you don't want to get into. It has always been thought of as a water stock but only 30% of its business is in water. 70% of its business is in Europe. If you are interested in water, look at Ecolab (ECL-N), Xylem (XYL-N) or Tetra Tech (TTEK-Q).

DON'T BUY

Really suffers by virtue of being a European large-cap. Because of the debt level and high dividend payout ratio, there is some concern as to whether or not the dividend is sustainable. Too early to get into this name.

COMMENT

Just did a complete reversal from a massive empire building by the previous management. This is probably a good thing but the dividend has now been cut. New management is on trial for the future.

COMMENT

Waste management, water, etc. 70% of its business is in Europe, most of which is France. Prefers something more broadly diversified on a global basis. If you own, consider switching into his Top Pick.

DON'T BUY

Announced they were going to do a reorganization about a month ago and recently announced they would have to take an €800 million hit this year. Doesn't think there is any hope for the dividend being maintained.

BUY

French environmental company with water (35%), energy services, transportation and waste management. Had a lot of debt and new management is trying to bring it down. Reducing costs and selling off non-core assets. Lower margins in the water business. Europeans are liberalizing their rail business in 2012, which should help them. Good entry level.

WEAK BUY

Weak euro should help their revenue as a lot of it is earned outside of Europe. Not a huge growth play. Pretty solid dividend yield.

BUY

Large French utility that specializes in water treatment, provision of water to households, water plants and waste management. This is a sector that has not participated in the market rally. Well managed.

BUY

Water treatment. Cities outsource to this company. Infrastructure play.

BUY

(Market Call Minute.) This is a cyclical recovery in the economy as well as a secular recovery.

PAST TOP PICK

(A Top Pick Aug 25/08. Down 63%.) Sold this in the mid-$40’s because management missed its numbers.

DON'T BUY

French company primarily dealing in sewage treatment as well as water facility treatment. Underwent a period of expansion in the last couple of years fuelled primarily by debt. When the credit crisis began they had significant trouble. 9% yield seems awfully high. A lot of uncertainty at these levels.

PAST TOP PICK

(A Top Pick Aug 25/08. Down 61.2%.) Still watching this as it is in a great theme that he loves, water. Have had some really big missteps in management.

PAST TOP PICK

(A Top Pick Aug 25/08. Down 52%.) A fundamental play on water. Management disappointed on the dividends so he sold his holdings. On his Buying screen but is waiting a couple of quarters to see what they do. Yield of over 8%.

PAST TOP PICK

(Top Pick Aug 25/2008, Down 25%) Management missed. Going to buy it again, but no rush and see management stabilize. Expects new management. Core asset is water and was always there.

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Veolia Environnement (VE) Frequently Asked Questions

What is Veolia Environnement stock symbol?

Veolia Environnement is a OTC stock, trading under the symbol VE (previously VE-N on Stockchase) on the undefined (undefined). It is usually referred to as or VE

Is Veolia Environnement a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on VE (previously VE-N on Stockchase) on Stockchase. Read the latest expert commentary for Veolia Environnement.

Is Veolia Environnement a good investment or a top pick?

Veolia Environnement was recommended as a Top Pick by Kevin O'Leary on 2008-10-01. Read the latest stock experts ratings for Veolia Environnement.

Why is Veolia Environnement stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Veolia Environnement.

Is Veolia Environnement worth watching?

Veolia Environnement is covered by Stockchase experts and is worth watching.

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Veolia Environnement (VE)