Roller-coaster ride for Basin Water
- From: Vol 9, Issue 4 (April 2008)
- Category: General
- Region: Americas
- Country:
- Related Companies: Basin Water and California Water Service Co (Cal Water)
A poor set of results in March sent Basin Water’s stock into freefall. The share price recovered almost as dramatically after a new deal with Cal Water.
Basin Water is a regular in the “worst performing stock” lists. News that the company had posted a net loss of $15.3 million on revenues of $18.8 million in 2007 sent the stock into free fall, and it dropped by more than 26% against a virtually flat NASDAQ before recovering ground on news that it had signed a ...
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