Is It Too Late to Buy American Water Works?
Safe drinking water is just a small step below clean air on the list of must-haves for human life, which is one of the reasons to like utility American Water Works (NYSE: AWK). But it's not the only reason by any stretch of the imagination. Here's why this company has such strong prospects and a look at whether or not this good news is enough to justify buying the stock today.
It's no secret that the U.S. has an infrastructure system that is in need of investment. Indeed, the American Society of Civil Engines just gave the U.S. a C grade in its most recent infrastructure report card, a wide-ranging look at the state of the country's physical assets. That's not a very good grade, with drinking water infrastructure getting the same mark on an individual basis. The upshot is that a lot of money will need to be spent upgrading water systems in the years ahead.
Image source: Getty Images.
Source Fool.com
