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Strategies & Market Trends : Water! Water! Everywhere and Not a Drop To Drink!
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To: Wade who wrote (134)6/11/1999 9:18:00 AM
From: Mike 2.0  Read Replies (1) of 336
 
Re:I think the interest rate is the key at here. This stock can get hit very hard if interest rate goes up another 0.25%. I will watch the move of interest rate of 30 year-bond very carefully.

I think water utilities have become much less reliant on favorable interest rates than in the past for a host of reasons...electric utility deregulation, increased acquisitions, etc. Waters once trading at PEs of 13 are trading at PEs of 18. Don't forget, AZX does not expect to pay a dividend, instead planning to acquire operations, which should generally be very accretive. Probably am way ahead of the curve on AZX, but for reasons previously mentioned on thread, thought $19 range for this stock is a reasonable entry point, at least to initiate a small sliver of my planned total position.
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