presents
Over
85% of the portfolio's original investment value was placed
in the water utilities group.
AMERICAN STATES WATER Ticker symbol = AWR
CALIFORNIA WATER Ticker symbol = CWT
CONNECTICUT WATER SERVICES Ticker symbol = CTWS
CONSOLIDATED WATER CO. Ticker symbol = CWCO
MIDDLESEX WATER CO. Ticker symbol = MSEX
PHILADELPHIA SUBURBAN Ticker symbol = PSC
SOUTHWEST WATER CO. Ticker symbol = SWWC
YORK WATER CO. Ticker symbol = YORW
PICTET GLOBAL WATER FUND Ticker symbol = PGWRX
WATER PIK TECH INC. Ticker symbol = PIK
CLEARLY CANADIAN BEVERAGE Ticker symbol = CCBC.OB
COCA COLA CO. Ticker symbol = KO
COTT CORPORATION Ticker symbol = COT
HANSEN NATURAL CORP. Ticker symbol = HANS
LEADING BRANDS Ticker symbol = LBIX
NATIONAL BEVERAGE CORP. Ticker symbol = FIZ
PHILIP MORRIS Ticker symbol = MO
VERMONT PURE HOLDINGS Ticker symbol = VPS
An Example Stock Portfolio Filled With Water
Is your glass half empty, or half full?
Background
For several years, our research group has been discussing the
long term implications of limited resources. Drinking water
quickly became an area of focus. Since we do not recommend
mutual funds, the following portfolio was put together.
The amount of shares purchased was determined based on several
factors, with the most important being dividend yield.
(Also considered were the listing stock exchange, technology,
geographic location, etc.
Special consideration was given to some companies based on
technology. If a company has a lot of "old, underground,
cast iron pipes," fewer shares were purchased. If a company
has a specialty in purification techniques, more shares were
purchased. )
Water Companies & Utilities
AMERICAN WATER WORKS Ticker symbol = AWK
comments: a full water resource provider in
22 states. Since our initial purchase, AWK was purchased
by RWE AG, a German utility. Ticker symbol = RWNFF
comments: principal investment is the
stock of Southern California Water
Company (SCW), a public utility
engaged in the purchase,
production, distribution and sale of
water.
comments: production,
purchase, storage, purification,
distribution and sale of water for
domestic, industrial, public and
irrigation uses, and for fire
protection.
comments: the parent company of four
regulated water utility companies
supplies water to
over 40 towns throughout Connecticut and Massachusetts.
comments: provides water services in the
Cayman Islands, Belize and the
Commonwealth of the Bahamas
(provides water
services in areas where the supply
of potable water is scarce.) Services
include de-salinisation -- the
production of potable water from
seawater.
comments: collecting, treating,
distributing and selling water for
domestic, commercial, municipal,
industrial and fire protection
purposes in parts of New
Jersey and Delaware.
comments: holding company for
regulated utilities providing water and/or
wastewater services to
approximately two million people in
Pennsylvania, Ohio, Illinois, New
Jersey, Maine and North Carolina.
comments: water production and distribution,
wastewater collection and
treatment, public works services
and utility submetering in 29 states.
comments: impounding, purifying
and distributing water in
York County, Pennsylvania.
The water supply is obtained from the south
branch and east branch of the Codorus Creek, as well as,
two reservoirs (Lake Williams and Lake Redman --
combined capacity can hold up to 2.75 billion gallons of water.)
Global Mutual Fund
One exception to investing in mutual funds has to do with
foreign investments. In an effort to take advantage of the
foreign currency exchange,
as well as, to diversify internationally, a small position in a
"global water mutual fund" was included in this portfolio.
comments: normally invests at least 80% of its assets in the shares of
companies operating in the global water sector.
note: in 2003 the Pictet Global Water fund was liquidated.
Water Purification
IONICS Ticker symbol = ION
comments: a global separations technology company involved
in the manufacture and sales of membranes and related equipment for the
purification, concentration, treatment and analysis of water and
wastewater, in the supply of purified water, in water disinfection, and
in water quality monitoring. Ionics has been a pioneer in privatization
with "build, own, and operate" (BOO) water facilities around the world.
Ionics is a world leader in water purification and water desalination,
having built more desalination plants than any other company in the world.
note: in November of 2004, GE bought Ionics
comments:
designing, manufacturing and marketing a
wide range of well-recognized
consumer products including
water filtration products.
Bottlers & Beverage Retailers
ANHEUSER BUSCH Ticker symbol = BUD
comments: engaged in
the production and distribution of beer, and aluminum beverage containers,
as well as, operating a chain of theme parks.
comments: produces,
distributes and markets beverage
products including Clearly
Canadian flavored sparkling
beverages, Clearly Canadian O+2,
Cascade Clear bottled water and
flavored beverages, Tré Limone
and Battery with distribution in the
United States, Canada, the United
Kingdom, Scandinavia, the
Caribbean, France, Brazil, Japan,
Turkey, the Philippines, the Middle
East and other countries.
comments: manufacturer, distributor and marketer of
soft drink concentrates, syrups, juice and juice-drink products.
comments: a supplier of
retailer-brand carbonated soft
drinks in the United States, Canada
and the United Kingdom.
comments: "alternative" beverages, natural sodas,
fruit juices, fruit juice Smoothies,
"functional drinks", non-carbonated
ready-to-drink iced teas,
lemonades and juice cocktails,
children's multi-vitamin juice
products.
comments: principal operations are comprised
of an integrated bottling and
distribution system for beverages,
water and snack foods.
comments: a holding company for various
subsidiaries that develop,
manufacture, market and distribute
a complete portfolio of beverage
products throughout the United
States.
comments: subsidiaries include beverages and Miller beer.
Miller Brewing has been known to interrupt its brewing business to
bottle water (instead of beer) to help in disaster relief.
comments: bottles, markets and distributes
natural spring water under the
Vermont Pure and Hidden Spring
brands and distilled water with
minerals added under the Crystal
Rock brand.