A reader commented on all of the attention water has received on CNBC in the last couple of days. The reader says he has exposure to the water ETF (client and personal holding) but wonders if there is way to get more international exposure in the water theme. He also asks about any foreign utilities.
I can only talk about one company with any detail which is Suez (SZE). I wrote about this company a while back for Motley Fool. It is a French company with a lot of water exposure. I own it for a couple of clients but based on the last year should have owned it for everyone. I view it as a little more aggressive which is why so few clients own it. Lately the news on the stock has been about the company possibly merging with Gaz de France in an effort to fend off another bid from Italian company Enel.
I am not selling SZE here but I am not a buyer for anyone new because of the merger triangle.
There are other foreign utilities and since I have not written much about them it might be worthwhile to explore them a little more.
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4 comments:
Just buy Aqua America. Every they raise the dividend, every now and then they give us a stock split. A lot of small investors have made small fortunes from this co..
Highly recommend doing diligence on Hyflux. They are as real a water speculation as you can find. Very strong company based in Singapore, with deep tentacles into China and the Middle East. Also trading near 52 week lows as they prove that cashflows sustain valuation. Buy and look back in 10 years.
CWCO.
Bahamas are water-starved.
For the US companies, I have been in and out of WTR.
My advisors bought PNR for me in another account. I certainly hope it has finished its string of disappointments.
I wish there were a way to avoid these once-removed investments. Maybe T Boone Pickens will form a royalty trust out of all the water rights he is buying in the southwest right now.
I would check out United utilities (UU). It is a UK company with a very healthy dividend.
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