Water Stocks, I don't see many bargains in the sector. Imo, a buyer now has to pay up for these stocks.
I have CWT. The stock seems expensive to me now at $36, and outrageously so when it was over $40/sh. I'll likely want to trim more again if the stock gets there again. Positives for this stock (as well as others in the sector): there's a long history of dividend increases, and the stocks do rise over time. Negatives are the dividend ain't grand, the div. increases are small, and the stocks' rise until recently have been slow. Quicker and more volatile recently, possibly because so many people are concerned about a "water problem". Maybe water stocks getting cachet as a "clean water shortage" play more so than as the dull utility stocks which they were seen as in past.
I prefer SJT over CWT. I have SJT, but imo, it's too expensive to buy as a value stock. It'd be one I'd might look at though as a speculative bet on the sector rising. Because it seems more aggressive and does more with its landholdings. (Jmo, I could be wrong.)
I've been in cyclical NWPX (large water transmission pipes) for a few years. NWPX business is good now, and the stock is up. It's a fight for me between my patience (get out finally while the getting is good) and my expectations (where the heck are all those supposed funds to be spent on USA infrastructure rebuilding, i.e. will NWPX ever get some really big big orders?).
I have CWCO. Looks to me like it could be a little monopoly in its little geographical area. The stock has done well in past, but I've come in recently (maybe too late). It's a speculative buy for me. The stock is very expensive (p/e).
I have SWWC. It's very, very expensive, but for some reason unknown to me, it's traded higher than currently. If the stock can move back up there, I'll really want to sell.
I like SBS for a buy. It's a Brazilian company, and perhaps there's more to it than what the positive (imo)Yahoo financials and metrics show. I do not know. Still, I'm in. I've mentioned SBS here several times this year.
Intersting MarketWatch article here:
"Piping profits
Commentary: Crumbling infrastructure creates opportunity"
marketwatch.com
finance.yahoo.com |
