We've always considered YORW an eventual take-over candidate, as well as a great long-term investment. The most recent Company Quarterly Report indicated that real advances have been made in enhancing Shareholder value. The regular increases in the healthy YORW Dividend speaks volumes.
It's quite obvious, Big Water competitors would like to acquire YORW. With the present increase in trading volume, are people simply buying into the Dividend? Or, could we be seeing others recognizing YORW's near-term take-over prospects? Any thoughts?
Insiders sold a total of 65,375 shares, net, in the last six months. Some bought - some sold. Insiders have all sorts of personal reasons to sell. Could be the sellers needed help paying their big mortgages.
Institutions on the other hand, who know more than I do about this stock, bought a total of 132, 927 shares in the most recent quarter. They have to look out for their own shareholders and clients. I'd go with them.
Thanks for your excellent contributions to the YORW due diligence effort.
Further to the argument for a YORW buyout... comparing YORW against three larger companies in the water group, York has the highest Profit Margin (20.9% v. WTR's 16.4%, AWR's 8.6%, and CWT's 7.9%), and highest Return on Equity (10.75% v. 10.3%, 8.9%, and 8.4%, respectively).
In the last few months I've picked up some YORW to complement lots of WTR I own. My impression is that York is too big for WTR, they seem to like acquisitions that consist of 33 houses in the corner of some township. I own York for the dividend but want the thing to move up of course and would like a nice TO premium.