U.S. Water Systems Spur Growth in Little Known Stocks
For Immediate Release:
June 16, 2006
Contact:Â Ian Mathias, firstname.lastname@example.org, 410-864-1652
www.dailyreckoning.com: U.S. Water Systems Spur Growth in Little Known StocksÂ
Baltimore, MD:Â As a wild market leaves U.S. investors desperately searching for reliable investments, one Wall Street veteran may have found a diamond in the rough. While the rest of the country is neck deep in commodities, unavoidable big business for water infrastructure companies could create the next generation of dependable stocks.
â€œWater pipes are rusting and crumbling all across this great land of ours,â€ said Eric Fry, a contributing editor to The Daily Reckoning and market expert. The American Society of Civil Engineers recently told Fry that our water infrastructure will require a $1 trillion overhaul over the next 20 years. â€œThat’s bad news for the municipalities, tax-payers and rate-payers that will have to foot the bill,â€ said Fry, â€œbut very good news for the companies that will be sending the bills.â€
â€œThe average New Yorker buys a new toothbrush every three months, but he brushes his teeth with water that flows through 100-year old tunnels and pipes,â€ said Fry. In a recent article, he noted that while most Americans have little concern for our deteriorating water infrastructure, several government agencies are likely to act. â€œEven if some municipalities would be content to tolerate an excess of arsenic in the local water supply, the EPA is not.â€
In his daily e-letter, The Rude Awakening, Fry highlighted a number of major American water and piping business that stand to gain from seemingly inevitable restoration projects. Fry believes that a few companies have even positioned themselves in a way that â€œwill mean big business.â€
Eric Fryâ€™s full report
Eric J. Fry, TheÂ Rude Awakening’sÂ “Man On The Scene,” has been a specialist in international equities since the early 1980â€™s. With over a decade of professional portfolio management experience, Fryâ€™s well-respected familiarity has made him a regular on television financial news programs and a frequent contributor to selected investment research publications.
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