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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: John F. Poteraske who wrote (25842)	1/27/2007 3:06:39 PM
From: John F. Poteraske	Respond to of 78715

Possible Stock Idea: seekingalpha.com Pickens’ new company, Mesa Water, has been buying up ground water rights in Roberts County, Texas - 200,000 acres in all. He says that over a 30-year period, he expects to make more than $1 billion on his investment of $75 million. (Which means he'll be able to buy himself a very nice present for his 108th birthday!) Pickens wants to take the water from the Ogallala Aquifer and pump about 200,000 acre feet of groundwater annually to El Paso, Lubbock, San Antonio, or Dallas-Fort Worth - for a price, of course. ---------------------------- As an individual investor, you can’t trade water rights very easily. But you can invest in a company that owns almost as much water as Pickens does - and actually, the acre feet that this company owns are more valuable than what Pickens bought. MUCH more valuable... I’m talking about PICO Holdings (PICO).