Water stocks flat as CEOs exit the sector
- From: Vol 12, Issue 2 (February 2011)
- Category: General
- Country:
- Related Companies: Asia Environment Holdings, Asia Water Technology, BWT, Danaher, Energy Recovery Inc, H2O Innovation, Insituform, ITT, Mueller Water Products, Nalco, Pall Corp, Pentair, Qianjiang Water Resources, Sabesp, Séché Environnement, Shanghai Industrial Holdings, Sound Global, VA Tech (Wabag) and Veolia
An unusually active month for CEO departures failed to rock the boat as far as broader water stock performance was concerned. Rumblings of increased M&A activity could have a positive effect going forward.
The GWI Global Water Index was essentially unchanged versus last month, as it failed to keep pace with the benchmark MSCI World Index, which powered ahead by 5%.
Some of the most marked individual share price fluctuations came as analysts adjusted their expectations on the back of full-year results announcements, as the 2010 earnings season got into full swing.
Mueller ...
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