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fredugsi

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fredugsi

Re: Pro-Life post# 412

Thursday, 02/03/2011 2:40:27 PM

Thursday, February 03, 2011 2:40:27 PM

Post# of 1747
Interesting comment regarding MWA's business:

BANGALORE, Feb 2 (Reuters) - Shares of Mueller Water Products Inc (MWA)
fell 15 percent on Wednesday, a day after the company said it remained cautious on its near-term outlook due to rising raw material costs and uncertainty in its municipal market.
"Spending growth on water infrastructure by municipalities appears to have slowed ... due to perceived uncertainty around both funding availability and financing costs," Chief Executive Gregory Hyland said on a call with analysts.
Analyst Anthony Fritz of Gabelli & Co said weakness in Mueller's key municipal markets could affect demand in the second half of the year.

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