how about water sector

**jinbai** Sat Jun 18, 2005 5:07 pm

how about water sector
Blast, I would like to listen to your analysis about the water sector. It seemed gettting hot, 'cause the clean water could be another limited nature resource for human being in the future as population is increasing and polution is going on. GE bought ION by almost double price as its market one last November. I think this is a good sign. I think, in the future, the one who has already experienced a lot and mastered simple, affordable and effience technology to get clean water will win in the long run. I see CWCO could be one. But its PE is away too high, would you like to run a brief analysis for this sector. I will listen. Thanks

**blast_investor** Sat Jun 18, 2005 6:06 pm

jinbai:

CWCO is not my type of stock. I do not like it. The valuation is too high.

My approach is value investing. cheap valuation is much more important than a better prospect or booming secter in my approach.