I think water will be one of the most important investment themes over the next decade, at least.”
Water is Too Cheap
“America’s water supply. It is – or is in the process of becoming – unreliable. I’ve written about this unfolding water crisis for years, and it always interests me. I think water will be one of the most important investment themes over the next decade, at least.”
….read the entire article HERE
Water is Too Cheap, Part II
Water is too cheap in the US…and it is also too cheap in the global stock markets. These are the main thoughts I took away from the Gabelli Water Investment Summit in New York earlier this year.
The most eye-opening presentation was by Nick DeBenedictis, the CEO of Aqua America, which is the second largest investor-owned water utility in the country. (It trades on the NYSE under the ticker WTR.) DeBenedictis told us about a city that “wondered why it couldn’t put fires out anymore.” The reason was the pipes were so old and clogged that there was only two inches for water flow. You’re never going to get enough water flow out of a pipe that size to put out a fire. “That’s not even enough to take a shower,” DeBenedictis said.
…..read more HERE