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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Sergio H who wrote (12901)10/23/2011 1:06:44 AM
From: John Pitera  Read Replies (2) of 33421
 
A stock in a major downtrend that then is engaged in a sideways consolidation.

The fundamental story is a littlle better on this here's an oct 14th note form seeking alpha on VE.

but remember that if we are getting ready to see major banking problems in France we can see selling in all asset classes. Also I would want a strong balance sheet with little debt or it VE will be heading lower and cutting their dividend


Veolia Environnement ( VE) is based in France and is a leading provider of water, recycling, environmental services, waste collection and processing etc., with operations worldwide. Veolia stock has been hit very hard over the crisis in Europe, and now offers a very rich yield of about 10%. Many of the services Veolia provides are basic necessities and are less likely to be severely impacted by a downturn in Europe.

Here are some key points for VE:
  • Current share price: $15.46
  • The 52 week range is $13.02 to $33.86
  • Earnings estimates for 2011: $1.38 per share
  • Earnings estimates for 2012: $1.46 per share
  • Annual dividend: $1.47 per share which yields about 9.9%
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