What are they scared of? The performance of American Water’s comparators 1st August - 14th November 2007 - CHART
- From: Vol 8, Issue 11 (November 2007)
- Category: Analysis
- Region: Europe
- Country:
- Related Companies: American Water and RWE
RWE boss Jürgen Großmann said he was pulling the American Water IPO because the performance of the basket of water stocks with which the company would be compared indicates that RWE would get 15% to 20% less for the company than he wants.
Our chart shows that the group has not done that badly since the beginning of August (and are well up since the beginning of the year). The only way you can get a 15% - 20% decline is if you take 9th August as the starting point. All the water stocks seemed to rise to a peak that day, and then ...
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