There are far too many hucksters on this site
trying to push unrelated sites......
this is the PSC
board and should be used to cover relevant PSC
material...these geeks who crawl in to these boards are merely
This has been a good investment for me ..including
However I originally bought because
I thought the major (foreign) owner would seek a
Any ideas on this?
Vivendi may be buying because:
1. They may
really want to pick up PSC entirely someday.
really are "just" investors confident in management's
plans and the growth potential of PSC.
Either way, a
nice vote of confidence for the company from a
shareholder in a position to know a lot more than me. I'll
Why would Vivendi keep buying more shares? They
already are the largest shareholder. From today's
amemnded SEC form SC 13D/A they now own 19.5% directly or
In their statement they say they are only
buying for investment reasons.
Somthing's up, We
shall see in a few more months.
at the time that i posted, the info that i got
was from the local news at around 7 pm, i did see the
broadcast of nick
( soaking from the rain ) reassuring
that the dam was indeed safe, imidiatly after the
local news came on and apologized for the bad info but
stated that it originated from the local police
jurisdiction.i went to post what i had heard but the power went
out until noon today.
my intent was not to
Heard on the news that water was going over the
spillway the way it was designed to do. Nick
B. told the news
that it wasn't a big problem.
Just that the people down stream need to be aware that
the creek going up.
is is having it time with psc,one of its
resivoirs has a crack and may break leaving area with
extensive damage and a large portion of service area
without water for days.
check first thing in am for
That's very interesting. Even though I own a fair
amount of PSC, I don't frequently look at the insider
trades. Thanks for bringing that to my attention. I
wonder why they haven't filed a new 13D. Their last one
was in June 1998.
I bought and continue to buy primarily because of
the management. They have a good growth/expansion
strategy and they are implementing it well. There are a
lot of otherwise good, asset rich companies out there
that are managed by morons and never go anywhere- so
its nice to find a gem like PSC. A secondary reason
is the industry- water is still relatively
undiscovered by the institutional investors, but that seems to
be changing. Nevertheless, we small investors still
have a good opportunity to get in before the mass of
institutions in this industry. With regards to takeovers, the
French company, Vivendi, owns about 16%+ of PSC and
perhaps they, or some other corporation, will try to buy
it out someday- I don't know. The recent price spike
in the past few days suggests that somebody thinks
PSC could be a target.
I bought PSC last week, when the stock dipped to
21 3/4. I made a tidy little profit in about a week,
but I'm not going to sell. I have been watching this
company for a long time. It is very well run, and it is
always looking for acquisitions. So when the "street"
finally gets tired of all those internet stocks that
aren't earning any money, then the emphasis will be on
quality. When this happens, PSC should be an easy $30.