I am not happy to see that no insiders have stepped up to the plate and bought shares at these new lows. I am talking about taking money out of their own pockets and making an outright purchase not an options grant.
When I bought my shares, I underestimated the decline in the municipal market. I thought that replacement demand would keep the company going until the other sectors picked up. The debt is really killing them. Did that debt come with the spin-off or did the company take it on after the split?
I still believe that another spending bill, including water, will come out and, after reading the transcripts from the latest earnings release, agree with management that the municipal market will pick up in the spring. Good luck, all.
Buy low and sell hi, wait another month and they can acquire this around 1, sweet deal, in 12 months it may be up to 7 or 8.
I wish the mw leaders would do more besides being good republicans, maybe its those old fogies on the board, they have to be GOP's, Grand OBSTRUCTIONIST Party. Maybe next year they will allow funding for water infrastructure spending, before every one goes down.
I agree, i've been looking at some seriously undervalued companies but none of them have had any insider purchases since October. What are they waiting for? They can't all be having personal cash flow problems.
For many companies, the directors are being given grants and exercising them the same day! what's up with that? Why would they change it into cash at all time low prices?
This kind of anomoly is seriously sticking in my claw.
A number of companies who came public in the 2005-2007 period had significant debt on the balance sheet, like MWA. MWA has good products and is a good name, but today debt can be toxic. Having previously owned MWA, I am tempted at these prices, but have not pulled the trigger.