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  • Veolia Environment (VE +4.3%) spikes after Goldman upgrades the shares to Buy from Neutral citing expectations of a "48% 2013-15 EPS compound annual growth rate" which analyst Dario Carradori notes only assumes "the company achieves 50% of its cost cutting target." Ultimately, VE's "significant restructuring potential" makes for "an attractive risk/ reward profile." [View news story]
    Last year I met an executive of Veolia outside of Chicago. He stated that the company gave the US a D+, when it came to water infrastructure. Just recently on cnbc.com, 6/14, "Got Water? Keeping It Flowing Could get Expensive". It stated that, every 2 min a water pipe breaks in US cities. The cost could reaches $400 billion by 2030. And it is would add to lost GDP if action is not taken of $416 billion by 2020.
    Veolia, will play a large role in this area and advising cities and states on how to best deal with water issues of all types in the coming years, the executive told me.
    Jul 11 01:34 AM | Likes Like |Link to Comment
  • Apple (AAPL) roundup: 1) Tim Cook is set to testify before Congress during a hearing about corporate offshore cash. He's defending Apple in advance, and says the company will offer tax reform proposals. 2) Though a number of big hedge funds pared or unwound their Apple positions in Q1, the number of "top-tier" funds with positions held steady at 148, per Insider Monkey's analysis. 3) A couple of intriguing Apple patent applications: one for an iPhone-based e-wallet with transaction-specific "smart menus," and one for a large-display touch sensor panel meant to improve response times. [View news story]
    GE is reported to have over $100 billion also, over seas.
    May 21 01:27 AM | Likes Like |Link to Comment
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