Posts for Ticker ‘AWR’

New Wave of Secondary Offerings (AWR, ENR, FIG, PL, SMTB, WAL)

Money Stack ImageWe are seeing yet another wave of secondary offerings that have priced between yesterday’s close and this morning. The offerings we have seen come to more than $1 billion and are from American States Water (NYSE: AWR), Energizer Holdings Inc. (NYSE: ENR), Fortress Investment Group LLC (NYSE: FIG), Protective Life Corp. (NYSE: PL), Smithtown Bancorp (NASDAQ: SMTB), and Western Alliance Bancorporation (NYSE: WAL).

We have broken these down by price and size, along with the difference of the pricing from yesterday’s close and from highs earlier this week.

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Posted on: May 15, 2009 – 6:37 am in Banking, Secondary Offering, , , , , ,

The ‘Safety Premium’ In Water Investing (AWK, WTR, AWR, CWT)

water-image1We have been investigating several of the “safe sectors” for investing to identify which ones may have seen the worst or which ones could continue to have issues regardless of whether or not recent stock market strength holds up or not.  Water is supposed to be one of those immune sectors as people have to drink water every day and just about every aspect of life revolves around water.  So we are starting out with domestic water utilities, because this is the first line of defense in the water sector and the most defensive portion of the water sector.  In theory, these do not require any new community growth or new water-intensive industries for the “defensive” thesis to hold up.  We briefly wanted to review American Water Works Company, Inc. (NYSE: AWK), Aqua America Inc. (NYSE: WTR), American States Water Company (NYSE: AWR), and California Water Service Group (NYSE: CWT).
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Posted on: March 23, 2009 – 10:35 am in Defensive Stocks, Water, , , ,