FALLEN ANGELS
- From: Vol 8, Issue 4 (April 2007)
- Category: Need to know
- Region: Americas
- Country: United States
- Related Companies: Basin Water, Biwater, Consolidated Water, Delek Group, IDE Technologies, Insituform, Israel Chemicals, Israel Corporation, Janney Montgomery Scott, Stanford Washington Research Group and Veolia Water
* US sewer rehabilitation specialist Insituform alarmed its investors at the end of March with a warning that it wasn’t seeing any growth in its core market.
The announcement took around 25% off the company’s share price on 29 March. At the same time, the company announced that it was withdrawing from the tunnelling business – a move which was more widely welcomed by investors. The leading water analysts have been reluctant to give up hope for Insituform. Both Stanford Washington Research Group and Janney Montgomery Scott ...
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