Liquid Stocks
In "Liquid Stocks", Summit Global Management's John Dickerson discussed opportunities to invest in water companies that were helping build water systems in China and other developing nations. His pick, RWE, had investments in the U.K.'s Thames Water and American Water Works of the U.S. and provided investors with dividend yields above the market average and price/earnings ration well below. On November 4, however, RWE announced it would divest its water assets and focus on electricity and gas markets in Europe. http://forbes.com
November 9, 2005 3:51 AM | Category: Water