The markets have long loved water/fluid-management stories like Xylem (NYSE:XYL), ITT (NYSE:ITT), and Franklin Electric (NASDAQ:FELE), and if you can add a residential construction rebound, you have an even better story in the making. That has certainly worked for Mueller Water (NYSE:MWA), as shares have risen more than 75% over the past year, 235% over the past two years, and about 300% over the all-time low set in November of 2011.
Not surprisingly, it looks like the market has put a definite premium on the recovery potential here. I do believe that residential construction is on its way back, and I also believe that Mueller's investment in advanced products like advanced metering...
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