2024-05-15 07:31:00 ET
Summary
- Shares of California Water Service have climbed 17% since my last buy rating.
- The water utility's operating revenue soared and diluted EPS swung back firmly in the positive in the first quarter.
- Following its 57th consecutive annual dividend hike in January, California Water Service's payout appears to be very safe.
- The water utility could be trading at a 16% discount to fair value.
- California Water Service could be set up for 30%+ cumulative total returns between now and 2026.
There are no guarantees of making money on any given investment. The following quote from Peter Lynch comes to mind:
In this business, if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.
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For further details see:
California Water Service: It's Not Too Late To Buy Now