There have been many touts in the past 7 years regarding what's known as "Blue Gold". With out the mystery the 'liquid' investment is - water. There are several types of investments for this market sector ranging from utilities, water filtration, pumps & valves to infrastructure build outs.
A company that has recently entered the market sector of water purification & filtration for on site solutions is Basin Water. (BWTR)Originally subscribed at it's IPO to range between $8-$10 per share it oversubscribed an went out at the $18 range - from there it 'plunged' and after bouncing around the $6-$7 range it began again to trade up. After a market rise to above $13 per share negative earnings took this high flier down a second time.
A company that has recently entered the market sector of water purification & filtration for on site solutions is Basin Water. (BWTR)Originally subscribed at it's IPO to range between $8-$10 per share it oversubscribed an went out at the $18 range - from there it 'plunged' and after bouncing around the $6-$7 range it began again to trade up. After a market rise to above $13 per share negative earnings took this high flier down a second time.
Heres the company blurb:
"Basin Water, Inc. engages in the design, building, and implementation of systems for the treatment of contaminated groundwater. The company offers ion-exchange treatment system that reduces groundwater contaminant levels. Its system is installed at the site of the well to treat varying volumes of water. The company serves utilities, municipalities, special districts, real estate developers, and other organizations that supply water for use in treating groundwater sources"
At a 160 Million market Cap this new beginner seems to be positioning its self for some potentially big gains. Look for buying opportunities under $8. Regards.
At a 160 Million market Cap this new beginner seems to be positioning its self for some potentially big gains. Look for buying opportunities under $8. Regards.
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