Seeking Alpha in the water market is hard to find since the market is fragmented with many players focusing on one area of expertise. Yet, if a company that is faltering can be found, profit can be earned on the downside. This article will detail a potential short play in the water market.
The Titanic Hit An Iceberg
Not to long ago, shares of Xylem (NYSE:XYL) sank 17% following a negative surprise in its earnings. The company cut its revenue outlook 5% for 2013 to $3.7 billion from $3.9 billion originally.
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Some of this is shown through the $40-$50 million in restructuring and $20 million in realignment costs the company incurred for repositioning it's...
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