WATER FUN.. If you locate something wild in water, please let me know. In another life I found, as you say, that everyone needs water. The challenge is that no one wishes to pay for it, at least not enough to make it greatly beneficial to shareowners. Also, there is a constant struggle between municipal ownership, which pay no taxes, and private companies paying taxes and including the cost in rates. Over time, the private firms are taken over by municipal government, or districts, at bottom fisher prices; frequently not a good event. (I believe your town is a muni as well?) Anyway, good luck in your search.
HOMES & LAND It appears home values are cooling. Here's an article about Arizona. San Diego is much the same.
"In the Phoenix area, as many as 30% of properties for sale are currently owned by investors, says Jay Butler, director of the Arizona Real Estate Center at Arizona State University. Six months ago, most investors were buying rather than selling, he says. The shift has helped to drive up inventories of homes for sale in the Phoenix area, which climbed to 22,340 in October from 8,600 in April, according to data from the Arizona Regional Multiple Listing Service."
HAVING SAID THAT... Judicially selected, growing banks still look generally good to me. Finally, as a matter of information, Patelco Credit Union of San Franciso offers an insured, Treasury backed income account currently paying about 4.4 percent. It's adjusted to Treasurys periodically. That's not too bad for a portion of one's spare coin. Patelco is the former, "Pacific Telephone Company" credit union and on the Web. Accounts are privately guaranteed to $250K each. I recommend it. Adios. Felices Navidades amigos! PVBud
Don't think there is anything wild in water. Like I said, dull and boring but sometimes dull and boring is good. Been looking at AWR and SWWC. They are the kind you buy and forget about, come back a few years later and find out you made some money. Look at the long term charts on these things.
Seems to be a lot of areas in the country that have privatized water. When I lived in CA, was served by privatized water. Have muni water here in FL but 25 years ago was lots of privatized service. I worked for the City of Plantation when we took over Gulfstream Utilities and incorporated it into the municipal water supply. We did not get it at bottom fisher prices.
Again, not a hot area like tech or anything, but might be a place to stash some dollars and not worry too much.
P.S. Finally hauled away the last of the hurricane debris from my swale two days ago.
Water and China may be interesting but I haven't found a pick there yet. I think the only thing I would find comfortable would be a US company expanding into China. Anyway, I'm posting to point over at JNJ under 60. Not time yet but it has me keeping an eye on that ball.
SG: I've been watching JNJ for the last yr and have decided to sell the puts at 55. I would take it there and if not put to me, the cash can buy a pizza and a pepsi. The chart isn't remarkable, but its not terrible. I think PG might be another name in the same genre. pin