WATER STOCKS REVIEW - US water utilities disappoint in 2007
- From: Vol 9, Issue 1 (January 2008)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: American Water, Aqua America, Aquarion, Birmingham Utilities, Boenning & Scattergood, California American Water, Connecticut Water, Consolidated Water, Pennichuck Water, San Jose Water and Southwest Water
With few exceptions, the publicly-traded US water utilities put in a poor performance in 2007. It has forced some to re-think their value creation strategies.
The publicly-quoted US water utilities had a disappointing year in 2007, with many shareholders ending the year worse off than they were at the end of 2006. Unpredictable weather conditions and the general housing slowdown in the United States negatively impacted the growth strategies of many of the larger investor-owned utilities, and only a few stocks succeeded in outperforming the ...
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