Equipment stocks lose their shine

Utilities performed well in the US but last year's star performer didn't live up to expectations.

Last year was an outstanding year for investors in most of the dozen publicly traded domestic water utilities including Consolidated Water of Grand Cayman. Betting on equipment manufacturers in 2005 was a different story. Their stellar performance in 2004 was all but undone last year. Both providers of water and their equipment vendors should be prepared for a bumpy ride ...

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