Of course, this bothers us not at all. According to the Motley Fool, Stanford is among the worst performing analyst groups, chalking up an accuracy rate of less than 38%. In other words, a monkey throwing darts would likely perform better. In fact, the fine gentlemen at Stanford Research have done us a big favor with their downgrade: INSU fell about 5% on the downgrade to $19 and change, about the level we first recommended it. So if you missed out on it last time around, you have another chance to get in at a great price. And if you presently hold shares (as your editor does), now would be a good time to add to your position.
Meanwhile, Insituform recently won the 2007 Innovative Product Award for its iPlus Composite product at the No-Dig Conference in San Diego, a major water infrastructure industry event. We remain confident in the rosy future for Insituform's core business, and pleased by the divestiture of the tunneling division.
INSU 1-yr chart