This Forgotten Water Business Is Heading For A Breakout
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This Forgotten Water Business Is Heading For A Breakout
Management changes and a key divestiture mean this story is improving quickly
A May win for a successful activist has borne fruit, with an underachieving CEO departing and the international business being sold off.
That sale deleverages the balance sheet, de-risks the story, and provides another strong data point in favor of the stock’s valuation.
Investors reacted well last week, driving the stock 13% higher. But with the rally only returning shares to September levels, there should be more room to run.