Like Farmers, Wet Weather Affects Utility Company Revenues
but although Aqua America (in the IHNOW Delaware Valley portfolio) experienced lower third quarter earnings this year than last, rate awards and growth through acquisition is powering its just announced dividend increase. Read about it here.
Shares are up about 50% since the stock was acquired for the IHNOW Delaware Valley portfolio in August 2006, less than 4 months ago, and were up substantially even before news broke of US Airways' bid for Delta Airlines BUT... if US Airways, with a major hub in Philadelphia and flying, is it nearly half of the flights in and out of Philly?, should, through the acquisiton, have less of a
Delaware Valley regional focus, perhaps the portfolio should sell a portion of its US Air holdings...
