"For the nine months ended September 30, 2013, net income attributable to CWCO stockholders increased 34% to $7,504,542, or $0.51 per diluted share, compared with net income attributable to CWCO stockholders of $5,605,001, or $0.38 per diluted share, in the first nine months of 2012."
It would have obviously been higher had this last quarters earnings not been affected by rain. I repeat...anyone who is selling at these prices is making a foolish decision. If ever there was a time to buy, it's now. Yes, you can wait to see if it nudges down to $10, but why take the chance? Fools have now taken the company's value down 25% from where it was just four days ago and 33% from where it was just 30 days ago @ $16.87! Yet for this last quarter, the only thing that was reported as dropping within that percentage range was their profits for the quarter vs. same quarter in 2012: .06 now vs. .09. In the meantime, their total revenue only dropped 3%! So....read the first paragraph again, look at the recent numbers, consider the main reason for less income this last quarter (less rain than usual), their very health financial status, expanding customer base....and tell me this won't be back above $12 within likely a week MAX (if not Mon. or Tues.), $13 very shortly after that and $15-$16 likely before year end. I added to my position today. Good fortune to all longs.
Cayman Islands are BWI,
$1 Cayman = $1.4 US
Cayman Islands are one of a richest paces on Earth
You can buy a property there and move in - only $5 Mil of $US and you belong.
I wish to have enough money to move to this 3rd world :))
"Their total revenue only dropped 3%"
Yeah? In my book, decreasing is not a good sign regardless of the % drop. I agree the selling is over done, but it's not like this quarter was all rosy sun shine. There WERE reasons for the initial selling, and I think there was a legitimate argument for the price dropping under $14.
Under $14 for awhile....sure, I agree. But certainly not down to $11-something. A 3% temporary revenue drop doesn't doesn't justify a 25%-33% drop in the value of the company. That's just uneducated weak hands who didn't feel like waiting for what I see as a pretty quick recovery to something more sensible. Or they just panicked without looking at the whole picture. There's a lot of people out there that should not trade stocks.