Today, I found out that California Water Service (CWT) is a publicly traded company.
I quickly checked the financials and it’s a solid company. Good net income, cash flow, relatively strong balance sheet and pays a dividend. But it has underperformed its benchmark for the past five years hmmm.
Digging quickly through the 10-K, I saw union, pension, regulatory risk, and contingencies. That would explain some of the underperformance.
I guess I will look into it more once I have time. After all, water is becoming scarcer.
The 25% water reduction goal has been achieved (Good job Cali!).