I am long INSU. I became interested in INSU when the gas pipes in my neighborhood were serviced by INSU. But they were working for Duke Energy not my municipal government. I think that that would be true in most cases. And water systems usually are owned by separate companies, not municipal governments. And these companies are almost immune from the business cycle. Yes/no?
I suspect wastewater piping is more of a municipal spending matter... however, a matter that has a way of causing mayhem if not repaired.
Granted there will be cycles in municipal spending ... but in CANNOT be put off forever without grave consequences.
We have seen TV coverage of sewage flowing into the streets, we have seen TV coverage of natural gas explosions caused by aging pipes ... INSU will be front and center for decades to come... not only in this country but worldwide.
Just a matter of time that investors wake up to this incredible long term purchase price for INSU shares.
Now, Mr. Itrade, just imagine how INSU will perform when municipal budgets start to thaw and neglected projects get underway in earnest. Of course, there is the rest of the world to also consider, as INSU is more than a domestic company.
By the way, are you an INSU shareholer, or are you short INSU ... or was that a public service gesture on your part??