Firstly, I commend this board for the lack of artifical pumping and bashing. It seems like the posters are sincere and REAL. Bought right after the earnings report. wanted exposure to a precious commodity investment (water). Balance sheet looked clean, future revenue growth in Bali and Mexico, decent dividend, etc. That said, I'm wondering (aside from the market correction) why this stock was so much higher (over $33 per share at its peak in October 2007). I know I can count on sincere answers (or at least theories) to this questions. GLTA
Around that time... CWCO won a contract for the Turks and Caicos (that was put on ice). The VI fiasco did not raise its head yet. Tourism and cruise ships was increasing demand for water.
That changed and we aren't back to those heady days. Now, we have lots of risk in Bali and Mexico without much in the till. Until these prove out, risks will affect the P/E. Past '15, there MAY be a big payoff. Anyone who knows the size of the success at this point is smokin' yerba.
Thanks for the explanation. I'm tired of churning stocks and am in this for the long haul with the hope that Bali and Mexico DO pay off. Interesting to note the volatility today (5/21/2013). Some big sells drove it below 10 but popped back up.