VE is the world's largest water utility, operating primarily in the sewage, water treatment, and waste management arenas. They also do some work in rail transport and heating/cooling. The stock is trading at 31x earnings, but is also less thant 1x sales. There's a decent yield(2.7%). ROE is great (over 20%). Despite having recently won contracts in China, this is not a fast growing business. The earnings chug along at about 10% a year. This stock is also a potential beneficiary of the green movement that has been gaining momentum in the last few years.
$83.01 (09/19/07)
