Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

With More Realistic Expectations, Itron Looks Interesting Again

Smart metering company Itron (NASDAQ:ITRI) is a good example of why I'm always skeptical whenever I see people writing "don't worry about the valuation, just focus on the growth". This was a great growth story for a number of years, but the stock got expensive along the way and the high valuation only served to magnify the disappointment when the financial performance got wobbly.

Years later, I'm finding Itron more interesting. A lot of the wide-eyed optimism about the opportunity in smart metering and related utility smart grid technologies has been scrubbed out, and the global market potential is still pretty compelling. While a recently announced restructuring suggests that the turbulence within Itron isn't completely over, these shares...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
Money back guarantee. Seeking Alpha PRO members receive a no-questions-asked refund for membership on months paid and not used. Details