I sold at $29.20 yesterday but bought back at 28.44 today. Thinking of buying more at 27.90. I think it will go back up before days end to maybe $28.50 anyway, its a great buy now and goes x div soon.
I don't think I would hold the day before ex-div because it looks like it dropped a dollar on the
ex-div day. Do you hold for the div?
Starting to move back up again. I get impatient because it moves so slow, but I feel confident that
it will get back up there. I have a habit of buying other stocks on the first big drop and then I
lose money because they keep dropping a few days. Water utilities seem to be safer.
The best trade was when I bought CWT on a 5% drop (on an offering) and it went right back
up the next day and I made 5 K. That was when I had a lot more money to trade with, before
I lost a lot. If I had traded utilities the last year I would have made money.
Is AWR involved in water desalination? The ongoing West Coast drought and now water rationing for 25 million people is a big deal. It seems to me that converting sea water to drinking water is a necessity. Somebody has to figure out how to do that in enough volume to make a difference. Water could become for valuable than oil since life is not possible without it.
Water rationing could be very bad, but presumably cost of water & profits could rise. If the drought gets worse, it seems to me net effect on company is bad. Customers will be really POd about rising bills.
I have no current position in AWR, but would like to see more discussion on how the drought will impact company in bad & good ways.
AWR and CWT down about 8% in a week. I bought CWT today. I hope it doesn't go to 21.50 .
Couldn't decide between AWR and CWT, but I guess they all move similar.
Drought will be hard on customers but utility's always get an increase on price when customers cut water usage. People need to flush their toilets and take showers. Not much people can cut so my take is that AWR will benefit.
"Web site said ex-div Feb 17"
No, it doesn't. The website says the record date is the 17th, not the ex date. A record date of the 17th results in an ex-date of the 12th (after considering that the 17th is a stock exchange holiday).
Record date and ex-date are not the same thing.
WTII - Water Technologies International, Inc. is engaged in manufacturing and distributing Atmospheric Water
Generators (AWG) that can optimally produce water from air anywhere on the planet where there is electricity,
humidity (65% minimum) and temperatures exceeding 75 degrees F. These unique devices utilize patentpending
technology to produce clean, great-tasting, safe water from the humidity in the air at a lower cost than
any competitors in the marketplace.
Last time there was a drought (70’s or 80’s), you had to conserve otherwise received a penalty on you bill. Then the water companies went to the PUC indication that due to conservation effort, they were not making enough $ to cover their cost. PUC then allow a rate increase. End result, PCU guarantees a set profit, but the questions, is how much.