MWA here looks like a fairly interesting stock. It is a manufacturer and marketer of a range of water infrastructure, flow control and piping component system products for use in water distribution networks and treatment facilities. Q4 2008 resulted in a huge loss of -$400 million due to a Goodwill impairment of $59.5 million applicable to US pipe and $340.5 million to Mueller Co’s prior goodwill.
Earnings are to be posted on May 6th. And based on their statement, they do not expect any more goodwill impairments to exceed $200 million.
Technically down trend line has been broken, which could spark the stage of a new bull run. $3.57 will be used as the support level for stop loss. With no other key resistance levels. Target price for this is $7.12
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