Stock price when the opinion was issued
Dominant in water sector. One of the few publicly listed pure plays, so valuation tends to be elevated. Treat, transport, and test water. Clients are utility companies and industrials. Water is a scarce resource. Likes the new acquisition, accretive to earnings in the long run, will expand presence in the space.
Treats, transports, and tests water (drinking and wastewater). Water is a scarce resource; 70% of the earth is water, but only about 2% is drinkable. Aging infrastructure in developed countries needs to be refurbished. Lots of industries require water. One of the few pure-play, publicly traded water companies, and so it trades at a premium.
International, with 50% of earnings coming from the US. Going through an operating margin improvement program, to refine focus on customers and products that are most lucrative. Yield is 1.24%.
This water treatment company has had a good correction and now looks like a good buy. This is a quality stock and he has been waiting to buy it – he just wants to understand why there has been a pullback. A quality company and a great long term hold. It is an international play and many silos of business. The 200 month moving average is around $50 and should act as good support.