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Consolidated Water Co. Ltd. (CWCO)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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11.61-0.02 (-0.17%)
At close: 4:00PM EDT
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  • J
    Jay
    Water is Gold
    Bullish
  • r
    radandmax
    Grand Cayman construction is booming despite the pandemic. I anticipate unleashed growth as soon as the pandemic is over. Water is gold.
  • N
    Naveed
    another solid q. services bringing up the revenues while water sales are bound to pick up as economies open up in Caribbean.

    more m & a and contacts expected. what's not to love?
    Bullish
  • Y
    Yahoo Finance Insights
    Consolidated Water is up 5.10% to 13.61
  • Y
    Yahoo Finance Insights
    Consolidated Water is up 5.01% to 12.36
  • j
    jaycezeniuk
    Hey people, anyone have more water stocks to invest in?
  • S
    StevenK
    I recently learned that the Grand Cayman Island real estate market has remained strong despite the long-term lockdown. Suggests to me that the people with money can see past crisis and water demand will resume mid-next year with a slow return to travel by offshore owners and renters.

    The wildcard remains the litigation over the failed Mexico desalination project. No transparency by CWCO Mgt.
  • D
    Dr
    I think this is a good investment for the dividend, which is on solid footing with the payout ratio and balance sheet both being solid. I would expect it to rise long term.
    However, there is nothing pushing the valuation higher, and theres nothing keeping it from going lower. Could languish in the teens for years.
    Bullish
  • W
    Warren T.
    One thing I don't understand with the smaller North American companies is the lack of investor calendar, with the earnings release dates announced in advance for the full year ahead.

    Any idea when CWCO will report?
    Neutral
  • D
    Dr
    Having just reread the last conference call transcript, I am selling some of my position until after the next earnings, and selling covered calls on some. I have been most concerned about Rosarito, but that is the least of their problems. There is no way they make any money off of any of their island properties until Q4 at the earliest with no tourism.
    Grand Cayman's economy is 70% tourism, and in the Bahamas it's 50%. The governments of either place could be insolvent soon, probably already are.
    That said, I think the dividend is still safe unless tourism continues to be shut down until 2022
    Bearish
  • K
    Kat
    2030 This is going to be a high commodity. The world is running out of clean water.
  • D
    Dr
    In the statement about the Rosarito project, they estimate a possibly loss of 24.1 Mil, which is essentially a full year of gross profit, or the majority of their cash balance.
    Yea, I get that isn't how it works, and that they will be cutting all expenses related, yadayada, but it's a big blow for any prospect of growth, and for financial stability in an uncertain future.
    The dividend should be fine for now with their current established business, but they could be one shock away from serious destruction. Lots more reading to do before I think about buying above 12.
  • S
    Stephen
    Speaking of other water stocks, @jaycezeniuk, does anyone know of a wastewater treatment stock worth looking at? California's State Water Resources Control Board has just announced new winery waste-water regulations affecting at least 1,500 wineries. I believe waste water recycling will get more attention than desalinization in the immediate future, given the costs of new desalinization plants (as we know from Rosarito) and downsides to desalinization (e.g. what to do with the brine left over).
    Neutral
  • J
    Jason
    CWCO - in the $12-$14 range is a buy. Think longing as travel is going to pick up.. Water is essential and this thing has been bottomed out and now is on the way back up.
    Bullish
  • S
    Stephen
    The July 12 ValueLine report on CWCO has a 3-5 year target price projected range of $25-$35. They report that "progress continued to go well" for the Rosarito project. "Another company will build the plant," and CWCO will maintain an ownership interest.
  • S
    StevenK
    What company allows a customer to not pay for 10 years? Is Bahamas a charity? Water is essential, of course, CWCO needs to become Bahamas' squeaky wheel.
  • R
    Rdj
    Big buy
  • M
    Matthew
    Water utility with a yield north of 3%
    Buy at these levels
  • M
    Mahmood Hasan
    Water food housing electricity and transportation in this order! Bought some today after giving it some thoughts. Long! Best regards.
  • S
    StevenK
    Tourism on Cayman is shutdown. Maybe the government will reconsider the duration...so much of water demand is tied to tourism. As a fixed cost business, CWCO is also hurt by this. I'm holding for the longer term...and paid to wait.