AIN’T DEAD YET
- From: Vol 9, Issue 1 (January 2008)
- Category: Need to know
- Region: Unspecified
- Country: United States
- Related Companies: American Water, Bournemouth & West Hampshire Water, Caisse des Depots, Cascal/Biwater, CNP Assurances, Copasa, Crédit Agricole, Gaz de France, IDE Technologies, Manila Water Company, Nuon, Sofina, Suez and Thames Water
* GWI’s final analysis of the performance of listed water stocks in 2007 (see pp8-15) suggests a fourth consecutive year of outperformance versus the main stock market indices.
It suggests the sector is still telling a strong story overall, but the details reveal a different story. US water stocks generally went south, while the smart money headed east. The biggest gains were in Asia (which was up by an average of 98%), although Europe, fuelled by takeover activity, also rose.
* The weakness in the US market has not ...
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