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Global Water Resources, Inc. (GWRS)

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
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12.44+0.06 (+0.48%)
At close: 04:00PM EDT
12.00 -0.44 (-3.54%)
After hours: 07:03PM EDT

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  • R
    R
    I’d avoid this stock. They just did a new issuance, which diluted s the existing shareholders. Then a few weeks later they increased the dividend. That’s highly suspect, they don’t have enough revenue to cover the dividend! They shouldn’t be paying a dividend t this stage in their growth.

    Their customer count is suspect as well, they double count their users.

    This is one to avoid. If it weren’t a utility, it would be bankrupt.
  • d
    dom
    Going to $15 soon. But that's just the beginning
  • R
    Rampling
    https://tradeideas.tips/Trade-Ideas-Coupon-Code
  • I
    Ion
    Can someone shed some light on this public offering. I don't mind it and I welcome the opportunity for Global Water Resources to expand, even if there's dilution in play. But how do they expect the market will absorb 1 million shares given the volumes we've seen over the past few months?
  • R
    Reid
    https://go.tradeideas.tips/KSRT
  • w
    wbart21
    Cohn bought more yesterday in the high $13s.
  • w
    wbart21
    Cohn & Levine , both directors and large existing SHs, bought 60% of the FO @ $13.50/share. For perspective as to how much of this Company they now jointly own... O/S 24m : Cohn owns 2.06m & Levine 10.2m.
    Total ownership = 50%+ of GWRS by 2 Directors.
    Wow.
  • w
    wbart21
    Rate increase approved as were the acquisition premiums paid by GWRS allowing some goodwill recoupment as well as the higher service fees which will begin August 1. Good news for GWRS . Will enable GWRS to continue to build scale as well as adding capital improvements . Crazy how long this process took.
  • I
    Ion
    Anyone here? 😀 I got an early assignment of 2 puts (November expiration) so I have an entry at 13 dollars/share exactly, the evening after ex dividend. Seems volume is low or dead and dominated by us, the little guys. I am now a happy owner of 200 shares, and 15 dollar strike puts as protection 😀 I wanted a growing water utility and water related stock. GWRS was my pick and I also have a bunch of stock orders in the low 12s and mid 11s . I am confident this is a good buy and hold for 5 years. News coverage and opinions seem rare but the new rate approval is encouraging. Good luck!
  • w
    wbart21
    Q1 ,not thrilled with minimal operational loss with inc OE , but have to like: double digit rev increase on inc demand/connections & + pricing ;8.5% connection inc ; InLand Port D&E increasing;cash up to $18mm+ ;$10mm LOC avail & the promise of even more acquisitions this year. Rate case begins in August which if successful would phase in over 3 years increased rates beginning already in Jan 21. I'll say it again, a water/wastewater utility with growth stock characteristics that pays monthly. Stock remains easy LT hold and add on weakness candidate as their growth will seemingly catch up in time to any MC mark ups that extend beyond norm. Anyone else notice that some big owners of this must have requested options ? I believe GWRS option trade opens this week or next. Suggests to me a possible step up in institutional ownership ,liquidity.
  • w
    wbart21
    First close above 200dma since early March. Chart repairing rapidly. Q2 CC sounds like a bolt-on acquisition is coming. Confirmed Nikola factory in their industrial service area, but more importantly are all the residential accts to be hooked up as employees of Nikola & other large industrial tenants . Building permits continue growing. Will also be interested to watch Bill Gates eventually build out his planned high tech city of Belmont AZ, also in this little water company's service area. Monthly dividend with one heckuva growth kicker. Small equity raises along way to finance acquisition strategy. Intriguing place to stash cash,maintain monthly cash flow & likely recognize LTCGs. Why isn't this #$%$ more radar screens? Guess illiquidity has its consequences & opportunities ;)
  • w
    wbart21
    Rate case decision timing = Q2.
    $22m liquidity -cash + LOC.
    Intend to continue growth strategy via acquisition of strategic bolt ons adjacent to & within service area as regulatory environment remains favorable for rapid roll up , system upgrade ,implementation of TWS etc. Building permits continue to increase markedly w/i service area.
    As always, GWRS remains quite unique as an investment. Utility stability, sustainable monthly payouts and a growth(cap gain) kicker coupled with likely eventual premium acquisition as large water cos look to GWRS's high growth AZ region.
  • w
    wbart21
    Pushed back guidance on rate increase decision timing to Q1. Means an increase, if approved, will be phased in later than the hoped for 1/1/22 date. Nice Q3 #s with incremental growth again in all metrics except for H2O usage which dipped because of the unusually heavy rains last Q. With $31mm of cash & LOC availability they continue to guide for more bolt-on acquisitions. Solid investment dynamics for continued long term ROI & monthly dividend income gains.
  • w
    wbart21
    50% YoY permit growth in their service area. Seeing growth in residential & commercial customer base. A lot of bolt on opportunities. Expect more such acquisitions as streamlined AZ regulatory environment encourages consolidation of fragmented sector. Growth in all metrics. No hint of FO as they feel they have sufficient cash access. Should see $20s along with continued monthly dividends soon.
  • w
    wbart21
    Nikola plant service win just announced with its ancillary boost to GWRS's residential service area. Plus we've had 3 bolt-on acquisitions in past 2 Qs with more to come. GWRS is rapidly consolidating the fragmented water/wastewater ute sector in the high growth Phoenix/Tucson corridor.
    GWRS is a growth company with utility stability & will soon be $20+. Hopefully we can collect monthly dividends for quite some time before they're acquired.
  • w
    wbart21
    Volume flooding in on break above key $18 R area. AZ rate case must be going well. What a great performing stock over the past 18 months for us. CGs+monthly divvies =100% ROI from a utility, albeit one with a growth kicker as we've discussed. Really hoping we don't get acquired anytime soon...allow GWRS to continue it's bolt on acquisition strategy. Roll up all those independent water/wastewater businesses in the high growth Phoenix corridor, raise monthly dividend as connections grow & build a strong franchise in a water starved/rapidly growing area. $20+ pps imminent & deserved.
  • w
    wbart21
    Two more bolt on acquisitions announced today. Regulators in AZ are facilitating the roll up/consolidation of the fragmented water/wastewater markets. GWRS is perfectly positioned to continue to grow connections via these acquisitions. Am still waiting for a FO offering to raise cash. Great job GWRS mgt on today's announcements.
  • J
    James
    So if you listen to the GWRS conference call, they mention that they own the water rights to provide service to Bill Gates' new city, Belmont, outside PHX. Can't name another public water utility with 80,000+ connection organic growth opportunity like that.
  • M
    Matthew
    Nibble every month and reinvest the dividend unless the business changes
  • w
    wbart21
    Any update on rate case decision timing?