Tricast

Saturday, September 16, 2006

GLV

As part of our current study of water stocks portfolio GLV will be analyzed as a potential acquisition.
http://www.glv.com/ProfileFrm.aspx?Page=Products.aspx&Id=A2

At 24,75$ the price is just about right for EPS of 1,50$ and dividend of 0,10$. Although the history of dividend is quite short, growth of 50% plus in earnings should allow its continuance over the years. If the growth is kept on at the 25% level the current price might meet our 50% long term deep value criterion.

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