footchester

Water as an Asset Class: PICO Holdings

PICO was one of those stocks that I discovered after screening stocks using the screen utilities from several different sources (Yahoo, Fidelity, etc.) PICO kept showing up as a great long term investment, except for one problem, I had missed the boat. It was trading in the 40s and showed no sign of heading back down. I added PICO to that list of great stocks that I had discovered too late.

Even a nasty recession (depression?) has its silver lining; and the opportunity to grab PICO for $21/sh was my pick for making the best of a bad situation. I truly believe that the coming "water crisis" will make recent concerns over fossil fuels seem almost laughable. Water may be the most abundant resource on earth, but it is also the most in demand. And unlike, say gold, a million gallongs of water can be ruined by one clown with a bottle of concentrated pesticide or other bad stuff.

I can't guarantee that PICO is the correct way to play the coming water 'crisis' but buying a company that actually owns water, and land with water rights seems like a potentially great investment. Time will tell.