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California Water Service Group T.CWT.R


Primary Symbol: CWT

California Water Service Group is a holding company that provides water utility and other related services in California, Washington, New Mexico, Hawaii and Texas through its subsidiaries. Its business is conducted through its operating subsidiaries and provides utility services. Its business consists of the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, and the provision of domestic and municipal fire protection services. It provides wastewater collection and treatment services, including treatment which allows water recycling. It also provides non-regulated water-related services under agreements with municipalities and other private companies. The non-regulated services include full water system operation, meter reading, and billing services. Non-regulated operations also include the lease of communication antenna sites, lab services and promotion of other non-regulated services.


NYSE:CWT - Post by User

Comment by baudelaireon Aug 21, 2007 2:46am
286 Views
Post# 13275552

RE: CWT Looks To Expand Portfolio By 50%

RE: CWT Looks To Expand Portfolio By 50%IMO, unlikey. Provisions in recent mega-deals between CWT and SmartCentres mean that Mitch can basically buy some of the best properties back for what he sold them for in the event someone acquires 20% or more of o/s units. The leaseholds may have clauses that are not public that further empower SC/Mitch. Mitch holds about 25% of the units and must greatly enjoy his gig with CWT: they pay top dollar for his centres, enter into forward contracts on yet to be built centres, readily provide cheap loans and funding, grant options on Earnouts, and on, and on. He can vend whatever he wants into CWT and get his price. It must have great strategic importance to his real estate aspirations - a guaranteed buyer. SmartCentres is just starting its move into the NE US. (Yes, I've been buying units.)
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