growth

It rocks

Buy - Price 46.83 on Sept. 10
by Brean, Murray & Carret

Veolia announced that it won a contract to manage a future regional express system in Bremen, Germany. The system will link the states of Bremen and Lower Saxony. The contract will serve 660,000 people and will generate cumulative revenue of approximately €500 million (1 euro is worth about $1.40) over the 11-year period. Market cap: $897 million.

PE of 18, a PEG of 1.42, and a yield of 4.7%.

From 4-10-08:

Veolia Environnement (VE): "It's an interesting French company, but that's not the one I want you to own. You can't make money on water. I'm bearish on everything water."

the world needs water

utility

Growth

China and utility exposure

Investment in water