XYL - Badger Meter In The Right Water Markets But The Valuation Is Steep
- Badger is leveraged to some of the more attractive growth opportunities within the water market, including water quality and loss mitigation.
- Badger's remote sensors can provide real-time information about water quality, offering valuable information beyond periodic lab-analyzed sampling.
- Utilities may finally be incentivized to upgrade to more sophisticated metering networks (and software packages), as they can help identify leaks and other system problems.
- All of these positives appear amply reflected in the share price, and it's hard to see how Badger rerates substantially higher.
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Badger Meter In The Right Water Markets, But The Valuation Is Steep