01-08-2015, 10:48 AM
(01-07-2015, 07:33 PM)Roadmap2Retire Wrote: Hmmm ok thanks.
Ive been watching some water utilities (WTR, AWK and AWR) that I want to add to my portfolio, but the high P/E and Forward P/E multiple stops me from buying. I will wait for a better price. Hopefully the market will get irrational sometime giving us an opportunity
I agree that the sector is sporting a pretty high PE at the moment and there are likely better deals available in the market. First sniff of rate hikes and the sector will sell off again, just be patient.